RTX Co. (NYSE:RTX) Shares Purchased by Sachetta LLC

Sachetta LLC boosted its stake in RTX Co. (NYSE:RTX) by 34.3% in the third quarter, Holdings Channel.com reports. The firm owned 13,647 shares of the company’s stock after acquiring an additional 3,485 shares during the quarter. RTX comprises about 0.7% of Sachetta LLC’s portfolio, making the stock its 28th largest position. Sachetta LLC’s holdings in RTX were worth $1,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Segall Bryant & Hamill LLC lifted its holdings in RTX by 20.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 118,758 shares of the company’s stock worth $14,389,000 after buying an additional 20,385 shares in the last quarter. Prospera Private Wealth LLC increased its stake in shares of RTX by 197.5% in the third quarter. Prospera Private Wealth LLC now owns 7,601 shares of the company’s stock worth $921,000 after buying an additional 5,046 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of RTX by 1.4% in the 3rd quarter. Avior Wealth Management LLC now owns 8,134 shares of the company’s stock worth $980,000 after purchasing an additional 114 shares during the last quarter. Counterweight Ventures LLC increased its holdings in RTX by 2.6% in the third quarter. Counterweight Ventures LLC now owns 3,930 shares of the company’s stock valued at $476,000 after buying an additional 100 shares during the last quarter. Finally, West Family Investments Inc. raised its position in shares of RTX by 12.0% during the 3rd quarter. West Family Investments Inc. now owns 5,148 shares of the company’s stock valued at $624,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.4 %

RTX opened at $118.94 on Wednesday. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $158.31 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The firm has a 50 day simple moving average of $122.13 and a 200 day simple moving average of $113.81.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.12%. RTX’s dividend payout ratio is currently 72.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RTX. Wells Fargo & Company decreased their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Susquehanna boosted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, RTX presently has an average rating of “Hold” and an average price target 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.