Beaird Harris Wealth Management LLC Decreases Position in RTX Co. (NYSE:RTX)

Beaird Harris Wealth Management LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 82.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309 shares of the company’s stock after selling 1,414 shares during the period. Beaird Harris Wealth Management LLC’s holdings in RTX were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new position in RTX during the 3rd quarter worth approximately $29,000. Briaud Financial Planning Inc increased its stake 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 during the period. Mizuho Securities Co. Ltd. purchased a new stake in RTX during the 2nd quarter valued at $32,000. Western Pacific Wealth Management LP bought a new stake in RTX in the 3rd quarter worth $41,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of RTX in the second quarter valued at about $41,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. Royal Bank of Canada boosted their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Susquehanna raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and raised their price objective for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

RTX Trading Up 1.5 %

RTX stock opened at $117.76 on Friday. RTX Co. has a 12 month low of $79.67 and a 12 month high of $128.70. The company has a market capitalization of $156.74 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80. The business’s fifty day simple moving average is $121.49 and its two-hundred day simple moving average is $115.41. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. As a group, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a $0.63 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.14%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

About RTX

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.