Strathmore Capital Advisors Inc. Invests $310,000 in RTX Co. (NYSE:RTX)

Strathmore Capital Advisors Inc. purchased a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,683 shares of the company’s stock, valued at approximately $310,000. RTX accounts for 0.2% of Strathmore Capital Advisors Inc.’s holdings, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Elgethun Capital Management increased its stake in shares of 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 acquiring an additional 85 shares during the last quarter. Avestar Capital LLC increased its position in RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in RTX by 20.1% during the third 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 in the last quarter. Blackston Financial Advisory Group LLC lifted its position 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 worth $291,000 after buying an additional 86 shares during the last quarter. Finally, Canal Capital Management LLC boosted its stake in shares of RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after acquiring an additional 87 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RTX shares. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Susquehanna upped their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.67.

RTX Stock Up 0.4 %

RTX stock traded up $0.45 during trading on Tuesday, hitting $114.55. 1,899,637 shares of the company were exchanged, compared to its average volume of 2,920,274. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a market capitalization of $152.47 billion, a P/E ratio of 32.73, a PEG ratio of 2.08 and a beta of 0.81. The business’s 50 day moving average is $118.64 and its 200 day moving average is $116.65. 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 announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. Analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.20%. RTX’s dividend payout ratio (DPR) is presently 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.