RTX Co. (NYSE:RTX) Holdings Raised by Prospera Financial Services Inc

Prospera Financial Services Inc increased its position in shares of RTX Co. (NYSE:RTX) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,700 shares of the company’s stock after purchasing an additional 2,537 shares during the quarter. Prospera Financial Services Inc’s holdings in RTX were worth $8,813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RTX. Meeder Asset Management Inc. grew its position in shares of RTX by 3,872.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 29,518 shares of the company’s stock valued at $3,576,000 after buying an additional 28,775 shares during the last quarter. Chesapeake Wealth Management grew its holdings in RTX by 10.7% in the 3rd quarter. Chesapeake Wealth Management now owns 10,126 shares of the company’s stock worth $1,227,000 after buying an additional 979 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter valued at $29,000. Napa Wealth Management acquired a new stake in shares of RTX in the 3rd quarter worth approximately $1,307,000. Finally, CAP Partners LLC bought a new position in shares of RTX in the third quarter valued at approximately $218,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

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

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (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 the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. As a group, research analysts predict that RTX Co. will post 5.56 earnings per share for the current 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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is 72.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RTX shares. Robert W. Baird lifted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Melius Research raised their price objective on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Wells Fargo & Company cut 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. Barclays upped their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada lifted their target price on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.