US Financial Advisors LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

US Financial Advisors LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 10.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,927 shares of the company’s stock after buying an additional 374 shares during the quarter. US Financial Advisors LLC’s holdings in RTX were worth $476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of RTX during the 2nd quarter valued at about $30,837,000. O Shaughnessy Asset Management LLC grew its stake in shares of RTX by 126.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock valued at $17,134,000 after buying an additional 98,248 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares during the last quarter. Cetera Investment Advisers grew its position in RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock worth $35,646,000 after acquiring an additional 232,103 shares during the period. Finally, Susquehanna International Securities Ltd. purchased a new stake in RTX in the second quarter valued at $602,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.2 %

Shares of NYSE:RTX opened at $121.59 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $122.13 and a 200-day simple moving average of $112.48. The company has a market capitalization of $161.83 billion, a PE ratio of 34.74, a P/E/G ratio of 2.09 and a beta of 0.82. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.07%. RTX’s dividend payout ratio (DPR) is 72.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective 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. Citigroup boosted their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Finally, Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.