WESPAC Advisors LLC Boosts Holdings in RTX Co. (NYSE:RTX)

WESPAC Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,820 shares of the company’s stock after buying an additional 89 shares during the quarter. WESPAC Advisors LLC’s holdings in RTX were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Napa Wealth Management bought a new stake in RTX in the 3rd quarter valued at $1,307,000. Manning & Napier Advisors LLC purchased a new stake in shares of RTX in the second quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the last quarter. Kennebec Savings Bank purchased a new position in RTX during the 3rd quarter valued at approximately $953,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in RTX by 36.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after acquiring an additional 97,749 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and increased their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. The Goldman Sachs Group upped their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Stock Up 0.2 %

Shares of RTX opened at $120.77 on Friday. The firm has a market capitalization of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.13 and a beta of 0.82. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70. The firm has a fifty day moving average price of $122.17 and a 200-day moving average price of $114.09. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS 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 business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that RTX Co. will post 5.56 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. Shareholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

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.