Private Trust Co. NA Has $4.08 Million Position in RTX Co. (NYSE:RTX)

Private Trust Co. NA boosted its position in RTX Co. (NYSE:RTX) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,677 shares of the company’s stock after acquiring an additional 1,768 shares during the period. Private Trust Co. NA’s holdings in RTX were worth $4,080,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its stake in shares of RTX by 2.9% in the first quarter. Earnest Partners LLC now owns 8,054 shares of the company’s stock worth $786,000 after purchasing an additional 225 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in RTX by 0.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 92,700 shares of the company’s stock worth $9,041,000 after buying an additional 581 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in RTX by 65.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 118,110 shares of the company’s stock valued at $11,519,000 after buying an additional 46,510 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in RTX by 41.2% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,395 shares of the company’s stock valued at $331,000 after acquiring an additional 990 shares in the last quarter. Finally, Slagle Financial LLC bought a new stake in shares of RTX in the 1st quarter worth $2,795,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.9 %

RTX stock opened at $119.69 on Monday. RTX Co. has a fifty-two week low of $79.13 and a fifty-two week high of $128.70. The company has a market capitalization of $159.31 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. The business’s 50 day moving average price is $122.17 and its two-hundred day moving average price is $114.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its earnings results 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 firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm 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 $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.11%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RTX shares. Royal Bank of Canada boosted their target price on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a report on Tuesday, July 30th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.