Frisch Financial Group Inc. Has $511,000 Stock Holdings in RTX Co. (NYSE:RTX)

Frisch Financial Group Inc. grew its stake in shares of RTX Co. (NYSE:RTX) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,214 shares of the company’s stock after purchasing an additional 214 shares during the period. Frisch Financial Group Inc.’s holdings in RTX were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Briaud Financial Planning Inc boosted its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the 3rd quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the second quarter worth $32,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX in the second quarter valued at $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX during the third quarter worth about $41,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and lifted their price target for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

RTX Stock Performance

Shares of RTX opened at $116.59 on Tuesday. 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 firm has a market cap of $155.18 billion, a PE ratio of 33.31, a PEG ratio of 2.09 and a beta of 0.80. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70. The stock’s fifty day moving average price is $122.07 and its two-hundred day moving average price is $115.23.

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

RTX Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.16%. RTX’s dividend payout ratio is 72.00%.

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.