Fiducient Advisors LLC Acquires 243 Shares of RTX Co. (NYSE:RTX)

Fiducient Advisors LLC grew its holdings in RTX Co. (NYSE:RTX) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,304 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Fiducient Advisors LLC’s holdings in RTX were worth $2,945,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory bought a new stake in shares of RTX during the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX during the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX during the 2nd quarter worth $41,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX during the 3rd quarter valued at $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.7 %

Shares of NYSE:RTX opened at $121.93 on Thursday. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The company’s 50-day moving average price is $122.07 and its two-hundred day moving average price is $111.82. 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 firm has a market cap of $162.29 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that RTX Co. will post 5.57 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is currently 98.82%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and upped their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Citigroup increased 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. Ten investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Hold” and a consensus target price 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.