Tompkins Financial Corp Sells 100 Shares of RTX Co. (NYSE:RTX)

Tompkins Financial Corp lowered its stake in shares of RTX Co. (NYSE:RTX) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,944 shares of the company’s stock after selling 100 shares during the period. Tompkins Financial Corp’s holdings in RTX were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RTX. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $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 second quarter valued at $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the second quarter worth $32,000. Western Pacific Wealth Management LP bought a new position in RTX during the third quarter valued at $41,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of RTX in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock traded up $3.47 during midday trading on Friday, reaching $123.55. The stock had a trading volume of 6,382,044 shares, compared to its average volume of 6,713,645. The firm has a fifty day simple moving average of $122.08 and a two-hundred day simple moving average of $112.69. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $164.45 billion, a PE ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. As a group, equities research analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business 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 is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX’s payout ratio is currently 72.00%.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted 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. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Robert W. Baird raised their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Ten equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $177.27.

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.