GDS Wealth Management Reduces Position in RTX Co. (NYSE:RTX)

GDS Wealth Management lowered its holdings in RTX Co. (NYSE:RTX) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,936 shares of the company’s stock after selling 107 shares during the period. GDS Wealth Management’s holdings in RTX were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Briaud Financial Planning Inc lifted its holdings in shares of 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 buying an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new stake in RTX in the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter valued at $32,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the 3rd quarter valued at $41,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of RTX in the second quarter worth $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.8 %

Shares of RTX opened at $124.56 on Tuesday. The firm has a fifty day simple moving average of $122.11 and a two-hundred day simple moving average of $113.01. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The stock has a market capitalization of $165.79 billion, a P/E ratio of 35.59, a PEG ratio of 2.19 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.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 EPS. RTX’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is 72.00%.

Analyst Ratings Changes

Several research firms recently commented on RTX. Melius Research boosted their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price target on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $177.27.

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.