RTX Co. (NYSE:RTX) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its position in RTX Co. (NYSE:RTX) by 0.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278,973 shares of the company’s stock after selling 580 shares during the quarter. RTX comprises 0.7% of Glenmede Trust Co. NA’s holdings, making the stock its 25th largest position. Glenmede Trust Co. NA owned 0.10% of RTX worth $154,960,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Briaud Financial Planning Inc lifted its stake in 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 purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in RTX during the second quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter valued at about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX during the 2nd quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at approximately $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Trading Up 1.7 %

RTX opened at $120.62 on Wednesday. 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 $79.13 and a 52 week high of $128.70. The business’s 50 day moving average is $122.16 and its two-hundred day moving average is $114.26. The firm has a market cap of $160.55 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 firm 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 earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 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.