Tradition Wealth Management LLC Buys 91 Shares of RTX Co. (NYSE:RTX)

Tradition Wealth Management LLC raised its position in shares of RTX Co. (NYSE:RTX) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,071 shares of the company’s stock after acquiring an additional 91 shares during the period. Tradition Wealth Management LLC’s holdings in RTX were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% during 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 during the period. Lynx Investment Advisory purchased a new stake in shares of RTX during the second quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX in the 2nd quarter valued at $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in RTX in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price target on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Eight investment 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Stock Up 1.2 %

Shares of NYSE:RTX opened at $121.83 on Monday. The firm’s 50-day moving average is $122.34 and its two-hundred day moving average is $114.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70. The firm has a market capitalization of $162.16 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82.

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 net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.07%. RTX’s dividend payout ratio (DPR) is 72.00%.

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.