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

Solidarity Wealth LLC reduced its holdings in RTX Co. (NYSE:RTX) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,852 shares of the company’s stock after selling 4,868 shares during the quarter. RTX accounts for 1.9% of Solidarity Wealth LLC’s holdings, making the stock its 18th biggest position. Solidarity Wealth LLC’s holdings in RTX were worth $6,888,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc grew its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX during the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX in the 2nd quarter worth approximately $41,000. Finally, Stephens Consulting LLC grew its position in RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Royal Bank of Canada upped their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and increased their price objective for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $177.27.

RTX Stock Performance

Shares of NYSE RTX opened at $121.93 on Thursday. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. 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 company has a market cap of $162.29 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.17 and a beta of 0.82. The business’s 50 day moving average is $122.07 and its two-hundred day moving average is $111.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. On average, equities analysts expect that RTX Co. will post 5.57 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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is presently 98.82%.

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.