CreativeOne Wealth LLC Raises Stake in RTX Co. (NYSE:RTX)

CreativeOne Wealth LLC boosted its position in RTX Co. (NYSE:RTX) by 31.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,072 shares of the company’s stock after buying an additional 4,374 shares during the period. CreativeOne Wealth LLC’s holdings in RTX were worth $2,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its position 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 buying an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new position in RTX in the second quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in RTX in the third quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the second quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.2 %

Shares of NYSE:RTX opened at $120.34 on Friday. 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 business has a fifty day moving average of $122.24 and a two-hundred day moving average of $114.40. The stock has a market cap of $160.17 billion, a P/E ratio of 34.38, a PEG ratio of 2.13 and a beta of 0.82. RTX Co. has a 52-week low of $79.57 and a 52-week high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business 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 company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. On average, research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The company 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 2.09%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is 72.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RTX. Barclays boosted 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. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Susquehanna boosted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” 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.