Diversify Advisory Services LLC Has $2.54 Million Stake in RTX Co. (NYSE:RTX)

Diversify Advisory Services LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,214 shares of the company’s stock after selling 3,123 shares during the period. Diversify Advisory Services LLC’s holdings in RTX were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory bought a new position in RTX during the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the 2nd quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter worth $41,000. Finally, Stephens Consulting LLC increased its position in shares of RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after acquiring an additional 114 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RTX. Robert W. Baird raised their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Citigroup raised their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $177.27.

RTX Stock Down 2.1 %

Shares of NYSE RTX opened at $122.79 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $77.76 and a 1 year high of $128.70. The company has a 50 day simple moving average of $121.98 and a 200 day simple moving average of $111.75. The firm has a market cap of $163.44 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data 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 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 analyst estimates of $19.84 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that RTX Co. will post 5.57 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is currently 98.82%.

RTX 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.