RTX Co. (NYSE:RTX) Shares Purchased by BIP Wealth LLC

BIP Wealth LLC grew its position in RTX Co. (NYSE:RTX) by 37.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,576 shares of the company’s stock after acquiring an additional 1,784 shares during the quarter. BIP Wealth LLC’s holdings in RTX were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Briaud Financial Planning Inc boosted its position in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory acquired a new position in shares of RTX during the second quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter worth about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in RTX in the 2nd quarter valued at about $41,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

NYSE RTX opened at $119.40 on Tuesday. The firm’s 50 day moving average is $122.16 and its 200-day moving average is $113.68. 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 company has a market capitalization of $158.92 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. RTX Co. has a 12-month low of $78.00 and a 12-month high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.11%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RTX shares. Alembic Global Advisors raised 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. Robert W. Baird increased their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and boosted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus price target of $177.27.

RTX Company 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.