Omnia Family Wealth LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Omnia Family Wealth LLC grew its position in shares of RTX Co. (NYSE:RTX) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,416 shares of the company’s stock after purchasing an additional 201 shares during the period. Omnia Family Wealth LLC’s holdings in RTX were worth $293,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and boosted their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Ten investment 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 company’s stock. According to data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $177.27.

RTX Trading Down 3.0 %

Shares of RTX stock traded down $3.71 on Thursday, hitting $120.04. 1,130,870 shares of the company traded hands, compared to its average volume of 6,645,719. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The company has a market cap of $159.78 billion, a PE ratio of 35.36, a PEG ratio of 2.18 and a beta of 0.82. The stock’s 50 day moving average price is $122.21 and its 200-day moving average price is $113.24. 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 issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The business 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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Equities research analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 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.