Woodmont Investment Counsel LLC Has $1.68 Million Stock Holdings in RTX Co. (NYSE:RTX)

Woodmont Investment Counsel LLC trimmed its stake in shares of RTX Co. (NYSE:RTX) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 13,897 shares of the company’s stock after selling 220 shares during the period. Woodmont Investment Counsel LLC’s holdings in RTX were worth $1,684,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RTX. Manning & Napier Advisors LLC acquired a new position in RTX during the second quarter worth $30,837,000. O Shaughnessy Asset Management LLC increased its position in shares of RTX by 126.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after purchasing an additional 98,248 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the last quarter. Cetera Investment Advisers boosted its position in RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock valued at $35,646,000 after buying an additional 232,103 shares in the last quarter. Finally, Susquehanna International Securities Ltd. bought a new stake in RTX during the second quarter worth about $602,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX opened at $121.59 on Thursday. The business’s 50-day simple moving average is $122.13 and its 200 day simple moving average is $112.48. 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 firm has a market capitalization of $161.83 billion, a PE ratio of 34.74, a PEG ratio of 2.09 and a beta of 0.82.

RTX (NYSE:RTX) last released 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 during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. As a group, sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.07%. RTX’s payout ratio is 72.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RTX shares. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Robert W. Baird raised their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and boosted their price target for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $177.27.

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.