Verus Capital Partners LLC Sells 190 Shares of RTX Co. (NYSE:RTX)

Verus Capital Partners LLC lessened its holdings in RTX Co. (NYSE:RTX) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,514 shares of the company’s stock after selling 190 shares during the period. Verus Capital Partners LLC’s holdings in RTX were worth $910,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its stake in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in RTX during the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new position in shares of RTX in the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new stake in shares of RTX in the second quarter worth $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX during the 3rd quarter worth $41,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of NYSE:RTX opened at $123.36 on Wednesday. The stock has a market capitalization of $164.19 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The business’s fifty day moving average price is $122.16 and its two-hundred day moving average price is $113.17. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. As a group, analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. RTX’s dividend payout ratio is 72.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on RTX. Wells Fargo & Company decreased their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Melius Research raised their price objective on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Susquehanna upped their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Ten investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.