RTX Co. (NYSE:RTX) Shares Sold by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC decreased its holdings in RTX Co. (NYSE:RTX) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,482 shares of the company’s stock after selling 263 shares during the quarter. RTX accounts for about 2.0% of Glass Wealth Management Co LLC’s holdings, making the stock its 17th largest holding. Glass Wealth Management Co LLC’s holdings in RTX were worth $3,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Essential Planning LLC. acquired a new stake in RTX in the 3rd quarter valued at $216,000. Tower Bridge Advisors grew its position in shares of RTX by 0.8% in the third quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock valued at $12,666,000 after purchasing an additional 876 shares during the period. Schear Investment Advisers LLC increased its stake in shares of RTX by 1.6% during the third quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock worth $706,000 after purchasing an additional 89 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of RTX by 3.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 12,121 shares of the company’s stock worth $1,469,000 after purchasing an additional 373 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its stake in RTX by 4.9% in the 3rd quarter. KPP Advisory Services LLC now owns 5,459 shares of the company’s stock valued at $661,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird boosted their price objective on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $177.27.

RTX Stock Down 0.3 %

NYSE:RTX opened at $118.53 on Monday. The stock has a market capitalization of $157.77 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth 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. The stock’s fifty day moving average is $122.20 and its two-hundred day moving average is $113.56. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. Research analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. 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.