Boston Financial Mangement LLC Lowers Position in RTX Co. (NYSE:RTX)

Boston Financial Mangement LLC trimmed its position in RTX Co. (NYSE:RTX) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,748 shares of the company’s stock after selling 1,301 shares during the period. Boston Financial Mangement LLC’s holdings in RTX were worth $5,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RTX. Briaud Financial Planning Inc increased its stake in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of RTX during the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX during the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX in the 2nd quarter worth approximately $41,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of RTX in the 3rd quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on RTX shares. Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price objective on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their target price on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $175.27.

RTX Stock Up 0.2 %

RTX stock opened at $125.47 on Tuesday. The stock has a fifty day moving average of $121.88 and a 200 day moving average of $111.59. The stock has a market cap of $167.00 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a one year low of $77.76 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that RTX Co. will post 5.57 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX’s dividend payout ratio is currently 98.82%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.