Community Bank N.A. Sells 1,256 Shares of RTX Co. (NYSE:RTX)

Community Bank N.A. lessened its holdings in shares of RTX Co. (NYSE:RTX) by 3.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,944 shares of the company’s stock after selling 1,256 shares during the period. Community Bank N.A.’s holdings in RTX were worth $4,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank & Trust Co bought a new stake in shares of RTX during the second quarter valued at approximately $72,000. Quent Capital LLC raised its position in shares of RTX by 3.8% during the second quarter. Quent Capital LLC now owns 2,862 shares of the company’s stock worth $287,000 after acquiring an additional 105 shares during the last quarter. Mather Group LLC. lifted its stake in shares of RTX by 47.0% during the second quarter. Mather Group LLC. now owns 17,521 shares of the company’s stock valued at $1,709,000 after acquiring an additional 5,598 shares during the period. Lynx Investment Advisory bought a new position in RTX in the second quarter valued at about $26,000. Finally, Sage Capital Advisors llc raised its holdings in RTX by 0.7% during the 2nd quarter. Sage Capital Advisors llc now owns 90,631 shares of the company’s stock worth $9,098,000 after purchasing an additional 613 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 1.2 %

Shares of NYSE:RTX opened at $121.83 on Monday. The firm has a market cap of $162.16 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.16 and a beta of 0.82. 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 12 month low of $79.67 and a 12 month high of $128.70. The company’s fifty day simple moving average is $122.34 and its 200 day simple moving average is $114.61.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Susquehanna lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. 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. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price objective on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $177.27.

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.