Signature Estate & Investment Advisors LLC Acquires 321 Shares of RTX Co. (NYSE:RTX)

Signature Estate & Investment Advisors LLC increased its holdings in RTX Co. (NYSE:RTX) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,388 shares of the company’s stock after purchasing an additional 321 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in RTX were worth $895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc lifted its stake 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 during the period. Lynx Investment Advisory bought a new position in RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the second quarter worth about $32,000. Fairfield Financial Advisors LTD bought a new position in RTX in the second quarter worth about $41,000. Finally, Western Pacific Wealth Management LP bought a new position in RTX in the third quarter worth about $41,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna upped their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Robert W. Baird upped their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

Shares of RTX stock opened at $118.53 on Friday. The business has a 50-day moving average of $122.20 and a 200 day moving average of $113.39. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The stock has a market capitalization of $157.76 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. As a group, sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date 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.