First Horizon Advisors Inc. Has $4.27 Million Position in RTX Co. (NYSE:RTX)

First Horizon Advisors Inc. decreased its holdings in shares of RTX Co. (NYSE:RTX) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,205 shares of the company’s stock after selling 519 shares during the quarter. First Horizon Advisors Inc.’s holdings in RTX were worth $4,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Edgestream Partners L.P. acquired a new stake in shares of RTX in the first quarter worth $325,000. Bessemer Group Inc. boosted its holdings in RTX by 1.4% during the first quarter. Bessemer Group Inc. now owns 86,243 shares of the company’s stock valued at $8,412,000 after acquiring an additional 1,225 shares during the period. EntryPoint Capital LLC grew its position in shares of RTX by 46.0% in the first quarter. EntryPoint Capital LLC now owns 1,361 shares of the company’s stock valued at $133,000 after purchasing an additional 429 shares during the last quarter. Rodgers Brothers Inc. grew its position in shares of RTX by 7.3% in the first quarter. Rodgers Brothers Inc. now owns 5,188 shares of the company’s stock valued at $506,000 after purchasing an additional 354 shares during the last quarter. Finally, Guardian Capital LP lifted its position in shares of RTX by 30.5% during the 1st quarter. Guardian Capital LP now owns 20,983 shares of the company’s stock worth $2,046,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on RTX shares. Wells Fargo & Company dropped their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Citigroup upped their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their target price on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Up 0.2 %

NYSE RTX opened at $119.14 on Thursday. The stock has a market capitalization of $158.58 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. 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 fifty day moving average of $122.13 and a 200-day moving average of $113.84.

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

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. 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.