RTX Co. (NYSE:RTX) Shares Sold by Focused Investors LLC

Focused Investors LLC reduced its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,350 shares of the company's stock after selling 14,700 shares during the quarter. RTX makes up 2.9% of Focused Investors LLC's investment portfolio, making the stock its 20th biggest holding. Focused Investors LLC owned about 0.06% of RTX worth $95,638,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% during 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 in the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX during the second quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter worth approximately $41,000. Finally, Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Up 0.2 %

Shares of RTX traded up $0.24 during midday trading on Friday, reaching $118.53. 6,970,495 shares of the company were exchanged, compared to its average volume of 5,258,494. RTX Co. has a 1-year low of $78.00 and a 1-year high of $128.70. The stock has a 50-day moving average price of $122.20 and a 200-day moving average price of $113.56. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company has a market cap of $157.77 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last announced 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. The business had revenue of $20.09 billion for the quarter, compared to analysts' expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business's quarterly 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. Research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX's payout ratio is 72.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Wells Fargo & Company lowered their target price on shares of RTX from $491.00 to $467.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. Melius Research increased their target price on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Alembic Global Advisors upgraded RTX from a "neutral" rating to an "overweight" rating and set a $134.00 target price on the stock in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.