Bouvel Investment Partners LLC Increases Stock Holdings in RTX Co. (NYSE:RTX)

Bouvel Investment Partners LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,572 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Bouvel Investment Partners LLC’s holdings in RTX were worth $3,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RTX. Briaud Financial Planning Inc raised its position in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory purchased a new stake in shares of RTX in the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter valued at $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in RTX during the third quarter valued at about $41,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RTX. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Melius Research upped their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company dropped their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $177.27.

RTX Stock Performance

NYSE RTX opened at $123.75 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $78.00 and a 1-year high of $128.70. The business has a 50 day simple moving average of $122.21 and a two-hundred day simple moving average of $113.24. The stock has a market capitalization of $164.71 billion, a PE ratio of 35.36, a P/E/G ratio of 2.18 and a beta of 0.82.

RTX (NYSE:RTX) last posted its 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. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

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.