RTX Co. (NYSE:RTX) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 31.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 18,072 shares of the company’s stock after buying an additional 4,374 shares during the period. CreativeOne Wealth LLC’s holdings in RTX were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in RTX during the 3rd quarter worth approximately $46,889,000. Freedom Investment Management Inc. grew its stake in RTX by 37.7% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,508 shares of the company’s stock worth $425,000 after buying an additional 960 shares during the last quarter. RS Crum Inc. grew its stake in shares of RTX by 4.0% in the 3rd quarter. RS Crum Inc. now owns 3,892 shares of the company’s stock valued at $472,000 after purchasing an additional 150 shares during the last quarter. Cadence Bank grew its stake in shares of RTX by 1.4% in the 3rd quarter. Cadence Bank now owns 148,840 shares of the company’s stock valued at $18,033,000 after purchasing an additional 1,992 shares during the last quarter. Finally, CKW Financial Group grew its stake in shares of RTX by 5.9% in the 3rd quarter. CKW Financial Group now owns 2,703 shares of the company’s stock valued at $336,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $120.34 on Friday. The company has a market cap of $160.17 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.13 and a beta of 0.82. 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 Co. has a 52 week low of $79.57 and a 52 week high of $128.70. The business has a fifty day simple moving average of $122.24 and a 200-day simple moving average of $114.40.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during 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 business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Equities research analysts forecast that RTX Co. will post 5.56 EPS for the current 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 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several analyst reports. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Susquehanna lifted their price objective on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.27.

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.