RTX Co. (NYSE:RTX) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 36,377 shares of the company’s stock after selling 326 shares during the period. RTX accounts for approximately 0.6% of Baldwin Investment Management LLC’s holdings, making the stock its 27th biggest holding. Baldwin Investment Management LLC’s holdings in RTX were worth $4,407,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RTX. Cadence Bank increased its stake in RTX by 1.4% during the 3rd quarter. Cadence Bank now owns 148,840 shares of the company’s stock valued at $18,033,000 after purchasing an additional 1,992 shares in the last quarter. CKW Financial Group increased its position in shares of RTX by 5.9% in the 3rd quarter. CKW Financial Group now owns 2,703 shares of the company’s stock valued at $336,000 after acquiring an additional 150 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in RTX in the 3rd quarter worth $1,496,000. J. Stern & Co. LLP lifted its position in RTX by 5.5% during the 3rd quarter. J. Stern & Co. LLP now owns 315,674 shares of the company’s stock worth $38,247,000 after acquiring an additional 16,352 shares during the period. Finally, Avestar Capital LLC grew its stake in RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Susquehanna lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a report on Tuesday, July 30th. UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Stock Up 1.7 %

RTX stock opened at $120.62 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $160.55 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The business has a 50 day simple moving average of $122.16 and a 200-day simple moving average of $114.26. RTX Co. has a 12 month low of $79.13 and a 12 month 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX’s dividend payout ratio (DPR) is currently 72.00%.

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.