RTX Co. (NYSE:RTX) Shares Purchased by ASB Consultores LLC

ASB Consultores LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 35.4% during the third quarter, Holdings Channel reports. The fund owned 4,542 shares of the company’s stock after purchasing an additional 1,187 shares during the quarter. ASB Consultores LLC’s holdings in RTX were worth $550,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of RTX during the second quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the second quarter worth about $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at about $41,000. Finally, ORG Wealth Partners LLC bought a new position in RTX during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.6 %

RTX opened at $118.00 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $157.06 billion, a PE ratio of 33.71, a P/E/G ratio of 2.10 and a beta of 0.82. The stock’s fifty day moving average is $122.13 and its 200-day moving average is $112.17. RTX Co. has a one year low of $78.00 and a one year high of $128.70.

RTX (NYSE:RTX) last released its earnings results 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm 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 earned $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RTX. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Melius Research increased their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $177.27.

About RTX

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.