RTX Co. (NYSE:RTX) Stock Holdings Boosted by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lifted its holdings in RTX Co. (NYSE:RTX) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,230 shares of the company’s stock after purchasing an additional 96 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in RTX were worth $1,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX during the 2nd quarter valued at $32,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX in the third quarter valued at $41,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the second quarter valued at $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

RTX opened at $118.53 on Monday. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. 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 business has a 50 day moving average price of $122.20 and a 200 day moving average price of $113.56. The firm has a market cap of $157.77 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. Research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

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. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX’s payout ratio is 72.00%.

Analyst Ratings Changes

RTX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and increased their price objective for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. 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 report on Wednesday, July 24th. Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Melius Research increased their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.