RTX Co. (NYSE:RTX) Shares Bought by Quest Partners LLC

Quest Partners LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 8,216.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,460 shares of the company’s stock after acquiring an additional 19,226 shares during the quarter. Quest Partners LLC’s holdings in RTX were worth $2,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Briaud Financial Planning Inc grew its stake in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX in the 2nd quarter valued at approximately $32,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter valued at approximately $41,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of RTX in the second quarter valued at approximately $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

NYSE RTX opened at $118.53 on Monday. The stock has a market cap of $157.77 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The business has a fifty day moving average of $122.20 and a 200-day moving average of $113.56. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared 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 2.13%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of analyst reports. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Melius Research lifted their price target on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.27.

RTX 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.