RTX Co. (NYSE:RTX) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in shares of RTX Co. (NYSE:RTX) by 34.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,495 shares of the company’s stock after selling 10,718 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in RTX were worth $2,483,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RTX. Briaud Financial Planning Inc lifted its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new stake in RTX during the 2nd quarter worth approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX in the second quarter worth $32,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of RTX during the second quarter worth $41,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $120.77 on Monday. The firm has a 50 day moving average of $122.17 and a 200-day moving average of $114.17. The company has a market cap of $160.75 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.14 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70.

RTX (NYSE:RTX) last released 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the business posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company 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 $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX’s payout ratio is currently 72.00%.

Analysts Set New Price Targets

RTX has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Susquehanna increased their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” 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.