RTX Co. (NYSE:RTX) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. trimmed its position in RTX Co. (NYSE:RTX) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,440 shares of the company’s stock after selling 285 shares during the quarter. CORDA Investment Management LLC.’s holdings in RTX were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RTX. Jennison Associates LLC lifted its holdings in shares of RTX by 2.7% in the 1st quarter. Jennison Associates LLC now owns 451,463 shares of the company’s stock worth $44,031,000 after acquiring an additional 11,823 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of RTX by 19.8% in the 1st quarter. Mutual Advisors LLC now owns 48,265 shares of the company’s stock worth $4,707,000 after acquiring an additional 7,978 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of RTX by 4.5% in the 1st quarter. Proficio Capital Partners LLC now owns 8,566 shares of the company’s stock worth $835,000 after acquiring an additional 370 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of RTX in the 1st quarter worth approximately $661,000. Finally, AA Financial Advisors LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $434,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Trading Up 0.3 %

Shares of RTX stock opened at $119.15 on Monday. The company has a fifty day simple moving average of $122.13 and a 200-day simple moving average of $112.09. RTX Co. has a 12-month low of $78.00 and a 12-month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market cap of $158.59 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.14 and a beta of 0.82.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

RTX Company Profile

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.