Verus Capital Partners LLC Has $910,000 Stake in RTX Co. (NYSE:RTX)

Verus Capital Partners LLC lowered its stake in RTX Co. (NYSE:RTX) by 2.5% in the third quarter, HoldingsChannel.com reports. The firm owned 7,514 shares of the company’s stock after selling 190 shares during the quarter. Verus Capital Partners LLC’s holdings in RTX were worth $910,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. 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 valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the 2nd quarter worth about $32,000. Western Pacific Wealth Management LP acquired a new position in RTX during the 3rd quarter valued at about $41,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of RTX in the 2nd quarter valued at about $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 1.0 %

Shares of RTX stock opened at $123.36 on Wednesday. The firm’s fifty day moving average price is $122.16 and its two-hundred day moving average price is $113.17. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 1 year low of $78.00 and a 1 year high of $128.70. The firm has a market capitalization of $164.19 billion, a P/E ratio of 35.25, a PEG ratio of 2.20 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (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 the consensus estimate of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. RTX’s dividend payout ratio is presently 72.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research note on Tuesday, July 30th. Susquehanna lifted their price objective on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $177.27.

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.