Golden State Equity Partners Purchases 153 Shares of RTX Co. (NYSE:RTX)

Golden State Equity Partners increased its stake in shares of RTX Co. (NYSE:RTX) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,688 shares of the company’s stock after buying an additional 153 shares during the quarter. RTX makes up about 0.9% of Golden State Equity Partners’ portfolio, making the stock its 18th largest position. Golden State Equity Partners’ holdings in RTX were worth $4,203,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Elgethun Capital Management raised its holdings in RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the period. Blackston Financial Advisory Group LLC boosted its stake in shares of RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the period. Canal Capital Management LLC grew its position in shares of RTX by 2.1% during the third quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after buying an additional 87 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC increased its stake in RTX by 0.6% in the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.3 %

Shares of RTX traded down $0.33 on Wednesday, reaching $122.46. 123,695 shares of the company’s stock were exchanged, compared to its average volume of 6,701,939. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $163.00 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The business has a 50 day moving average price of $121.98 and a two-hundred day moving average price of $111.75.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that RTX Co. will post 5.57 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 98.82%.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. Citigroup increased their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna lifted their price objective on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. UBS Group raised their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. 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.