Capital City Trust Co. FL Purchases 315 Shares of RTX Co. (NYSE:RTX)

Capital City Trust Co. FL raised its holdings in shares of RTX Co. (NYSE:RTX) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 9,327 shares of the company’s stock after buying an additional 315 shares during the period. Capital City Trust Co. FL’s holdings in RTX were worth $1,130,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Elgethun Capital Management grew its position in RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after acquiring an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC increased its stake in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after buying an additional 86 shares during the period. Canal Capital Management LLC lifted its holdings in RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after buying an additional 87 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its position in RTX by 0.6% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after buying an additional 89 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Down 0.3 %

NYSE:RTX opened at $118.53 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company’s fifty day moving average price is $122.20 and its 200-day moving average price is $113.56. RTX Co. has a 1-year low of $78.00 and a 1-year high of $128.70. The firm has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a PEG ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 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 period last year, the firm earned $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 given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX’s dividend payout ratio is presently 72.00%.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and upped their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus 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.