Intellectus Partners LLC Has $1.04 Million Holdings in RTX Co. (NYSE:RTX)

Intellectus Partners LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,560 shares of the company’s stock after selling 399 shares during the period. Intellectus Partners LLC’s holdings in RTX were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Omnia Family Wealth LLC increased its stake in shares of RTX by 9.1% in the third quarter. Omnia Family Wealth LLC now owns 2,416 shares of the company’s stock valued at $293,000 after buying an additional 201 shares in the last quarter. Lifeworks Advisors LLC bought a new stake in RTX during the 3rd quarter worth about $358,000. Unionview LLC bought a new stake in RTX during the 3rd quarter worth about $203,000. Metis Global Partners LLC raised its stake in shares of RTX by 2.6% in the third quarter. Metis Global Partners LLC now owns 54,740 shares of the company’s stock worth $6,632,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Curi RMB Capital LLC raised its stake in shares of RTX by 2.2% in the third quarter. Curi RMB Capital LLC now owns 100,682 shares of the company’s stock worth $12,199,000 after acquiring an additional 2,155 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and raised their price target for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Susquehanna boosted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given 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 Stock Down 3.9 %

Shares of RTX stock opened at $118.92 on Friday. The firm has a market capitalization of $158.28 billion, a P/E ratio of 33.98, a PEG ratio of 2.19 and a beta of 0.82. The firm’s fifty day moving average price is $122.20 and its two-hundred day moving average price is $113.28. 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 1 year low of $78.00 and a 1 year high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. On average, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is presently 72.00%.

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.