RTX Co. (NYSE:RTX) Shares Sold by SFG Wealth Management LLC.

SFG Wealth Management LLC. lessened its stake in shares of RTX Co. (NYSE:RTX) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,078 shares of the company’s stock after selling 1,289 shares during the quarter. SFG Wealth Management LLC.’s holdings in RTX were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Briaud Financial Planning Inc boosted its holdings in shares of 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 during the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX in the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX in the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX in the 2nd quarter worth $41,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company decreased their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Price Performance

NYSE:RTX traded up $2.67 during midday trading on Friday, hitting $122.75. 541,376 shares of the stock were exchanged, compared to its average volume of 6,686,734. RTX Co. has a one year low of $78.00 and a one year high of $128.70. The company has a market capitalization of $163.38 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 2.15 and a beta of 0.82. The business has a 50-day moving average price of $122.08 and a two-hundred day moving average price of $112.54. 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 earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. RTX’s dividend payout ratio is currently 72.00%.

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.