Deroy & Devereaux Private Investment Counsel Inc. Purchases 1,751 Shares of RTX Co. (NYSE:RTX)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in RTX Co. (NYSE:RTX) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,519 shares of the company’s stock after purchasing an additional 1,751 shares during the period. RTX accounts for 1.7% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 23rd biggest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in RTX were worth $29,141,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its holdings in 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 purchasing 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 bought a new stake in shares of RTX during the 3rd quarter worth $50,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $120.99 on Friday. The company has a 50 day simple moving average of $122.13 and a two-hundred day simple moving average of $111.89. 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 quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $161.04 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.12 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results 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 analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RTX. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank of Canada lifted 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. The Goldman Sachs Group boosted 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. 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, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.27.

About RTX

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.