RTX Co. (NYSE:RTX) Shares Purchased by HM Payson & Co.

HM Payson & Co. boosted its stake in shares of RTX Co. (NYSE:RTX) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,280 shares of the company’s stock after purchasing an additional 210 shares during the quarter. HM Payson & Co.’s holdings in RTX were worth $22,691,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Briaud Financial Planning Inc increased its holdings in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter worth $41,000. Finally, Stephens Consulting LLC raised its holdings in RTX by 34.1% during the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock traded down $0.71 during trading hours on Thursday, hitting $121.15. 300,891 shares of the stock traded hands, compared to its average volume of 6,694,012. The stock has a 50-day simple moving average of $122.07 and a 200 day simple moving average of $111.82. RTX Co. has a one year low of $78.00 and a one year high of $128.70. The company has a market cap of $161.25 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings results 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 analyst estimates of $19.84 billion. During the same quarter last year, the company posted $1.25 EPS. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that RTX Co. will post 5.57 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.08%. RTX’s payout ratio is presently 98.82%.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company reduced their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird increased their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada raised their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Ten 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.