RTX Co. (NYSE:RTX) Shares Acquired by Fiducient Advisors LLC

Fiducient Advisors LLC raised its position in shares of RTX Co. (NYSE:RTX) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,304 shares of the company’s stock after purchasing an additional 243 shares during the period. Fiducient Advisors LLC’s holdings in RTX were worth $2,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elgethun Capital Management boosted its stake in RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the period. Blackston Financial Advisory Group LLC boosted its stake in RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the period. Canal Capital Management LLC boosted its stake in RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after purchasing an additional 87 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its stake in RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. Finally, Susquehanna boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus price target of $177.27.

RTX Stock Down 0.7 %

RTX stock opened at $121.93 on Thursday. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company’s 50 day simple moving average is $122.07 and its 200-day simple moving average is $111.82. 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 firm has a market capitalization 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 announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating 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 the consensus estimate of $19.84 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.57 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given 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 payout ratio is presently 98.82%.

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.