Private Trust Co. NA Purchases 1,768 Shares of RTX Co. (NYSE:RTX)

Private Trust Co. NA boosted its position in RTX Co. (NYSE:RTX) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,677 shares of the company’s stock after purchasing an additional 1,768 shares during the period. Private Trust Co. NA’s holdings in RTX were worth $4,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Horizon Kinetics Asset Management LLC lifted its position in shares of RTX by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 20,618 shares of the company’s stock valued at $2,498,000 after buying an additional 8,054 shares in the last quarter. Diversified LLC lifted its holdings in RTX by 5.5% during the third quarter. Diversified LLC now owns 2,130 shares of the company’s stock valued at $258,000 after purchasing an additional 111 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of RTX in the third quarter worth approximately $211,000. Boston Family Office LLC increased its stake in shares of RTX by 18.6% in the third quarter. Boston Family Office LLC now owns 9,199 shares of the company’s stock worth $1,115,000 after purchasing an additional 1,441 shares in the last quarter. Finally, DRW Securities LLC raised its position in shares of RTX by 212.1% during the 3rd quarter. DRW Securities LLC now owns 11,092 shares of the company’s stock valued at $1,343,000 after purchasing an additional 7,538 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $119.69 on Monday. The firm’s fifty day simple moving average is $122.17 and its two-hundred day simple moving average is $114.17. The firm has a market capitalization of $159.31 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.14 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70.

RTX (NYSE:RTX) last issued 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. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. Analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

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 given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.11%. RTX’s dividend payout ratio is currently 72.00%.

Analysts Set New Price Targets

A number of research firms have commented on RTX. Royal Bank of Canada raised their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and raised their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” 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.