RTX Co. (NYSE:RTX) Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its position in shares of RTX Co. (NYSE:RTXFree Report) by 2.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,341 shares of the company’s stock after purchasing an additional 321 shares during the period. Soltis Investment Advisors LLC’s holdings in RTX were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RTX. Strengthening Families & Communities LLC purchased a new position in RTX during the third quarter worth about $28,000. Quarry LP acquired a new stake in shares of RTX in the first quarter valued at approximately $28,000. Legacy Financial Group LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $35,000. VitalStone Financial LLC grew its position in shares of RTX by 136.5% in the second quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $37,000. 79.06% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $92.24 on Tuesday. The firm has a market cap of $132.63 billion, a P/E ratio of 41.18, a P/E/G ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The firm has a fifty day moving average of $85.03 and a two-hundred day moving average of $82.01.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. During the same period in the previous year, the business posted $1.27 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts anticipate that RTX Co. will post 5.38 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Royal Bank of Canada raised their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of RTX from a “hold” rating to a “sell” rating and cut their target price for the company from $79.00 to $68.00 in a research note on Friday, October 27th. Finally, UBS Group raised their target price on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $91.71.

Get Our Latest Stock Analysis on RTX

About RTX

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

Read More

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.