1,682 Shares in RTX Co. (NYSE:RTX) Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC acquired a new stake in RTX Co. (NYSE:RTX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,682 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also bought and sold shares of the business. Briaud Financial Planning Inc grew its stake 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 buying an additional 100 shares during the period. Lynx Investment Advisory purchased a new stake in RTX in the second quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX in the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the 2nd quarter worth $41,000. Finally, Stephens Consulting LLC lifted its position in RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 0.1 %

RTX stock traded up $0.10 during trading on Tuesday, reaching $118.10. 1,536,948 shares of the company’s stock were exchanged, compared to its average volume of 6,678,490. The company’s 50-day moving average is $122.13 and its two-hundred day moving average is $112.17. The firm has a market cap of $157.19 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.10 and a beta of 0.82. RTX Co. has a 52-week low of $78.00 and a 52-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.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for 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%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. On average, analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX’s dividend payout ratio is presently 72.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. 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 stock. According to MarketBeat, RTX presently has an average rating of “Hold” and an average price target 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.