RTX Co. (NYSE:RTX) is RPG Investment Advisory LLC’s 6th Largest Position

RPG Investment Advisory LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,167 shares of the company’s stock after selling 1,857 shares during the period. RTX makes up about 2.8% of RPG Investment Advisory LLC’s portfolio, making the stock its 6th biggest holding. RPG Investment Advisory LLC’s holdings in RTX were worth $19,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Carrera Capital Advisors purchased a new position in RTX in the 3rd quarter worth $201,000. Barnett & Company Inc. raised its stake in RTX by 13.6% in the 3rd quarter. Barnett & Company Inc. now owns 19,580 shares of the company’s stock worth $2,372,000 after acquiring an additional 2,350 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in RTX by 40.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 19,375 shares of the company’s stock worth $2,347,000 after acquiring an additional 5,578 shares during the last quarter. Savvy Advisors Inc. grew its position in RTX by 11.1% during the 3rd quarter. Savvy Advisors Inc. now owns 8,973 shares of the company’s stock worth $1,087,000 after purchasing an additional 896 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in RTX by 1.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 63,949 shares of the company’s stock worth $7,748,000 after purchasing an additional 808 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 1.0 %

Shares of RTX stock opened at $123.36 on Wednesday. The firm has a market capitalization of $164.19 billion, a PE ratio of 35.25, a P/E/G ratio of 2.20 and a beta of 0.82. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The firm’s 50-day moving average price is $122.16 and its 200 day moving average price is $113.17. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its quarterly 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. 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 analyst estimates of $19.84 billion. During the same period last year, the company posted $1.25 EPS. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Citigroup increased their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Melius Research raised their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Company 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.