Strathmore Capital Advisors Inc. Buys New Stake in RTX Co. (NYSE:RTX)

Strathmore Capital Advisors Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,683 shares of the company’s stock, valued at approximately $310,000. RTX comprises about 0.2% of Strathmore Capital Advisors Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors have also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Fairfield Financial Advisors LTD purchased a new stake in RTX in the second quarter worth $41,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX during the third quarter worth $41,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX during the second quarter valued at $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock traded up $0.45 on Tuesday, hitting $114.55. The stock had a trading volume of 1,899,637 shares, compared to its average volume of 2,920,274. The stock has a market cap of $152.47 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.08 and a beta of 0.81. The company’s 50 day moving average price is $118.64 and its 200 day moving average price 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 Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $178.67.

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.