Parametrica Management Ltd Purchases New Holdings in RTX Co. (NYSE:RTX)

Parametrica Management Ltd bought a new position in shares of RTX Co. (NYSE:RTX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,513 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors also recently bought and sold shares of RTX. Briaud Financial Planning Inc lifted its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of RTX in the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX in the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX in the 2nd quarter worth approximately $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter worth approximately $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock traded up $0.06 during mid-day trading on Wednesday, hitting $123.43. 313,483 shares of the stock traded hands, compared to its average volume of 6,659,472. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The firm has a market cap of $164.29 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The company’s 50-day simple moving average is $122.16 and its 200-day simple moving average is $113.17. 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 issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS. As a group, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Melius Research raised their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna raised their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.