Brown Lisle Cummings Inc. Buys 1,312 Shares of RTX Co. (NYSE:RTX)

Brown Lisle Cummings Inc. boosted its stake in RTX Co. (NYSE:RTX) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,800 shares of the company’s stock after buying an additional 1,312 shares during the period. Brown Lisle Cummings Inc.’s holdings in RTX were worth $1,713,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its position in RTX by 7.0% during the third quarter. Czech National Bank now owns 270,983 shares of the company’s stock worth $32,832,000 after buying an additional 17,645 shares in the last quarter. GAMMA Investing LLC grew its position in RTX by 29.7% in the third quarter. GAMMA Investing LLC now owns 26,341 shares of the company’s stock valued at $3,191,000 after acquiring an additional 6,036 shares during the last quarter. Diversified Trust Co boosted its stake in shares of RTX by 10.1% in the 3rd quarter. Diversified Trust Co now owns 36,714 shares of the company’s stock valued at $4,448,000 after purchasing an additional 3,365 shares in the last quarter. Eagle Rock Investment Company LLC bought a new stake in shares of RTX during the 3rd quarter valued at approximately $220,000. Finally, Miracle Mile Advisors LLC increased its holdings in shares of RTX by 4.8% during the third quarter. Miracle Mile Advisors LLC now owns 19,844 shares of the company’s stock worth $2,404,000 after buying an additional 900 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $130.03 on Tuesday. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $119.37 and a 200-day moving average price of $119.59. The company has a market cap of $173.07 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts anticipate that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.94%. RTX’s dividend payout ratio (DPR) is 70.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, UBS Group upped their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

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.