Dynamic Technology Lab Private Ltd Sells 10,718 Shares of RTX Co. (NYSE:RTX)

Dynamic Technology Lab Private Ltd trimmed its position in shares of RTX Co. (NYSE:RTX - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,495 shares of the company's stock after selling 10,718 shares during the period. Dynamic Technology Lab Private Ltd's holdings in RTX were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Briaud Financial Planning Inc increased its holdings 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 acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of RTX in the second quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the 3rd quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD purchased a new position in RTX in the 2nd quarter valued at approximately $41,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX traded down $2.14 on Monday, reaching $118.63. The company had a trading volume of 2,713,781 shares, compared to its average volume of 6,600,488. The business has a 50 day simple moving average of $122.17 and a 200 day simple moving average of $114.17. The company has a market cap of $157.90 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 2.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52-week low of $79.13 and a 52-week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $20.09 billion for the quarter, compared to analysts' expectations of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. RTX's dividend payout ratio is currently 72.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RTX shares. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Citigroup lifted 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. The Goldman Sachs Group increased their price target on shares of RTX from $94.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a report on Wednesday, October 23rd. 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 report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and an average target price of $177.27.

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.