DGS Capital Management LLC Makes New $213,000 Investment in RTX Co. (NYSE:RTX)

DGS Capital Management LLC purchased a new stake in RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,756 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC raised its holdings in RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after buying an additional 852,183 shares during the period. Legal & General Group Plc lifted its stake in RTX by 4.4% in the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock valued at $861,122,000 after buying an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after buying an additional 408,551 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of RTX by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock worth $747,347,000 after acquiring an additional 417,789 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.5 %

Shares of RTX stock opened at $117.75 on Friday. The company has a market capitalization of $156.73 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 2.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The business has a fifty day simple moving average of $121.49 and a two-hundred day simple moving average of $115.48. RTX Co. has a 1 year low of $79.67 and a 1 year 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 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 during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, November 15th. RTX’s dividend payout ratio (DPR) is currently 72.00%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and upped their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Royal Bank of Canada lifted their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna raised their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Eight equities research 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 stock has an average rating of “Moderate Buy” and an average target price of $177.27.

RTX 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.