Rational Advisors LLC Has $54,000 Stock Position in RTX Co. (NYSE:RTX)

Rational Advisors LLC lowered its holdings in shares of RTX Co. (NYSE:RTX) by 81.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446 shares of the company’s stock after selling 1,924 shares during the period. Rational Advisors LLC’s holdings in RTX were worth $54,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC grew its stake in RTX by 2.7% in the first quarter. Jennison Associates LLC now owns 451,463 shares of the company’s stock valued at $44,031,000 after acquiring an additional 11,823 shares during the period. GSA Capital Partners LLP bought a new stake in RTX during the 1st quarter valued at $661,000. Rehmann Capital Advisory Group lifted its position in shares of RTX by 29.4% during the first quarter. Rehmann Capital Advisory Group now owns 8,966 shares of the company’s stock worth $875,000 after acquiring an additional 2,039 shares in the last quarter. Callan Capital LLC lifted its position in shares of RTX by 8.3% during the first quarter. Callan Capital LLC now owns 4,112 shares of the company’s stock worth $401,000 after acquiring an additional 316 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of RTX by 96.0% during the first quarter. Larson Financial Group LLC now owns 2,115 shares of the company’s stock worth $206,000 after acquiring an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research report on Tuesday, July 30th. UBS Group increased their target price 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 target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their target price on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, Melius Research increased their price objective on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Down 0.6 %

RTX opened at $118.00 on Tuesday. The stock has a market cap of $157.06 billion, a PE ratio of 33.71, a P/E/G ratio of 2.10 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The business’s fifty day simple moving average is $122.13 and its 200 day simple moving average is $112.17.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. RTX’s dividend payout ratio (DPR) is currently 72.00%.

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.