Aptus Capital Advisors LLC Has $2.35 Million Stock Position in RTX Co. (NYSE:RTX)

Aptus Capital Advisors LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 40.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,375 shares of the company’s stock after buying an additional 5,578 shares during the period. Aptus Capital Advisors LLC’s holdings in RTX were worth $2,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RTX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of RTX during the 1st quarter worth approximately $730,000. Kingsview Wealth Management LLC grew its stake in shares of RTX by 1.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 26,354 shares of the company’s stock worth $2,570,000 after acquiring an additional 416 shares in the last quarter. Leo Wealth LLC grew its stake in shares of RTX by 14.2% during the 1st quarter. Leo Wealth LLC now owns 4,786 shares of the company’s stock worth $468,000 after acquiring an additional 596 shares in the last quarter. Fidelity National Financial Inc. grew its stake in shares of RTX by 100.0% in the first quarter. Fidelity National Financial Inc. now owns 100,000 shares of the company’s stock valued at $9,753,000 after buying an additional 50,000 shares in the last quarter. Finally, Motco grew its stake in shares of RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after buying an additional 99 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX opened at $123.75 on Thursday. The stock has a market cap of $164.71 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average is $122.21 and its 200-day moving average is $113.24. RTX Co. has a 1-year low of $78.00 and a 1-year high of $128.70.

RTX (NYSE:RTX) last announced its 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RTX shares. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company decreased their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price objective on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.