RTX Co. (NYSE:RTX) Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,973 shares of the company’s stock after purchasing an additional 896 shares during the period. Savvy Advisors Inc.’s holdings in RTX were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Meeder Asset Management Inc. increased its holdings in shares of RTX by 5.7% during the 1st quarter. Meeder Asset Management Inc. now owns 2,945 shares of the company’s stock worth $287,000 after buying an additional 158 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of RTX by 8.0% in the 1st quarter. Bleakley Financial Group LLC now owns 41,224 shares of the company’s stock valued at $4,021,000 after purchasing an additional 3,042 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of RTX by 8.1% during the 1st quarter. Sheets Smith Wealth Management now owns 5,638 shares of the company’s stock worth $550,000 after purchasing an additional 424 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in RTX in the 1st quarter valued at about $730,000. Finally, Pettyjohn Wood & White Inc. lifted its position in RTX by 0.9% in the first quarter. Pettyjohn Wood & White Inc. now owns 64,670 shares of the company’s stock valued at $6,307,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Susquehanna upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Stock Performance

Shares of RTX opened at $124.50 on Tuesday. The stock has a market capitalization of $165.71 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. RTX Co. has a 12-month low of $78.00 and a 12-month high of $128.70. The business’s fifty day moving average price is $122.11 and its 200 day moving average price is $113.01. 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 released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

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.