18,255 Shares in RTX Co. (NYSE:RTX) Bought by TKG Advisors LLC

TKG Advisors LLC purchased a new stake in RTX Co. (NYSE:RTX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,255 shares of the company’s stock, valued at approximately $2,212,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in RTX by 2.7% during the first quarter. Jennison Associates LLC now owns 451,463 shares of the company’s stock worth $44,031,000 after acquiring an additional 11,823 shares during the period. Mutual Advisors LLC grew its stake in shares of RTX by 19.8% during the 1st quarter. Mutual Advisors LLC now owns 48,265 shares of the company’s stock worth $4,707,000 after purchasing an additional 7,978 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of RTX by 4.5% during the 1st quarter. Proficio Capital Partners LLC now owns 8,566 shares of the company’s stock valued at $835,000 after purchasing an additional 370 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of RTX in the 1st quarter valued at $661,000. Finally, AA Financial Advisors LLC purchased a new stake in RTX during the first quarter worth $434,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Susquehanna boosted their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their target price on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus price target of $177.27.

RTX Trading Up 0.3 %

Shares of RTX stock traded up $0.40 during trading hours on Monday, hitting $119.15. The company had a trading volume of 384,495 shares, compared to its average volume of 6,675,436. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. 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 company’s fifty day moving average is $122.13 and its 200 day moving average is $112.09. The stock has a market capitalization of $158.59 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.14 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, beating analysts’ consensus estimates 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 in the previous year, the firm posted $1.25 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.11%. 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.