RTX Co. (NYSE:RTX) Shares Sold by Kentucky Retirement Systems

by · The Cerbat Gem

Kentucky Retirement Systems lowered its holdings in RTX Co. (NYSE:RTX – Free Report) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,672 shares of the company’s stock after selling 7,515 shares during the quarter. Kentucky Retirement Systems’ holdings in RTX were worth $11,228,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTX. Empirical Finance LLC grew its position in RTX by 1.5% during the 3rd quarter. Empirical Finance LLC now owns 48,766 shares of the company’s stock worth $5,908,000 after purchasing an additional 721 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in shares of RTX by 4.5% in the third quarter. Signature Estate & Investment Advisors LLC now owns 7,388 shares of the company’s stock worth $895,000 after buying an additional 321 shares during the last quarter. Black Diamond Financial LLC grew its holdings in RTX by 15.8% during the third quarter. Black Diamond Financial LLC now owns 3,263 shares of the company’s stock worth $395,000 after acquiring an additional 444 shares during the period. CIBC Asset Management Inc raised its position in RTX by 6.8% during the third quarter. CIBC Asset Management Inc now owns 246,986 shares of the company’s stock valued at $29,925,000 after acquiring an additional 15,756 shares in the last quarter. Finally, Omnia Family Wealth LLC lifted its holdings in 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 acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Susquehanna increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price 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. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. UBS Group increased their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $177.27.

View Our Latest Research Report on RTX

RTX Price Performance

RTX stock opened at $118.53 on Friday. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $157.76 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The business has a fifty day moving average of $122.20 and a two-hundred day moving average of $113.39.

RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data 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 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. As a group, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

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 given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

RTX Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTX – Free Report).