OneAscent Financial Services LLC Sells 216 Shares of RTX Co. (NYSE:RTX)

OneAscent Financial Services LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 9.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,180 shares of the company’s stock after selling 216 shares during the period. OneAscent Financial Services LLC’s holdings in RTX were worth $264,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chesapeake Wealth Management boosted its stake in RTX by 10.7% in the third quarter. Chesapeake Wealth Management now owns 10,126 shares of the company’s stock worth $1,227,000 after buying an additional 979 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the 3rd quarter valued at $29,000. Napa Wealth Management bought a new position in shares of RTX during the 3rd quarter valued at $1,307,000. CAP Partners LLC bought a new stake in RTX in the third quarter worth $218,000. Finally, Cassaday & Co Wealth Management LLC boosted its position in RTX by 0.9% during the third quarter. Cassaday & Co Wealth Management LLC now owns 10,230 shares of the company’s stock valued at $1,239,000 after buying an additional 96 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.4 %

RTX opened at $118.94 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The stock has a market cap of $158.31 billion, a PE ratio of 33.98, a PEG ratio of 2.10 and a beta of 0.82. The business has a 50 day moving average of $122.13 and a 200-day moving average of $113.81.

RTX (NYSE:RTX) last announced 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 business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. Equities research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is 72.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Robert W. Baird raised their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.27.

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.