One Charles Private Wealth Services LLC Sells 156 Shares of RTX Co. (NYSE:RTX)

One Charles Private Wealth Services LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,368 shares of the company’s stock after selling 156 shares during the quarter. RTX accounts for approximately 0.7% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 28th largest position. One Charles Private Wealth Services LLC’s holdings in RTX were worth $1,741,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RTX. Marshall Wace LLP raised its stake in RTX by 1,247.1% during the second quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after acquiring an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after purchasing an additional 1,686,007 shares in the last quarter. Hsbc Holdings PLC increased its position in RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after purchasing an additional 792,830 shares in the last quarter. abrdn plc lifted its stake in RTX by 527.6% in the 3rd quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after purchasing an additional 509,261 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in RTX by 498.6% in the third quarter. Los Angeles Capital Management LLC now owns 521,793 shares of the company’s stock valued at $63,220,000 after buying an additional 434,628 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Robert W. Baird boosted their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Alembic Global Advisors upgraded shares of 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. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Trading Up 0.2 %

NYSE:RTX opened at $120.77 on Friday. RTX Co. has a 52 week low of $79.13 and a 52 week high of $128.70. The firm’s fifty day moving average is $122.17 and its 200-day moving average is $114.02. The firm has a market cap of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.13 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 (NYSE:RTX) 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 quarter in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities 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 paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 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.