Coastwise Capital Group LLC Acquires 373 Shares of RTX Co. (NYSE:RTX)

Coastwise Capital Group LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,953 shares of the company’s stock after purchasing an additional 373 shares during the period. Coastwise Capital Group LLC’s holdings in RTX were worth $964,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RTX. Bank & Trust Co bought a new stake in shares of RTX during the second quarter worth $72,000. Quent Capital LLC grew its position in RTX by 3.8% during the 2nd quarter. Quent Capital LLC now owns 2,862 shares of the company’s stock worth $287,000 after acquiring an additional 105 shares during the last quarter. Mather Group LLC. raised its position in RTX by 47.0% in the second quarter. Mather Group LLC. now owns 17,521 shares of the company’s stock valued at $1,709,000 after purchasing an additional 5,598 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX during the second quarter valued at about $26,000. Finally, Sage Capital Advisors llc increased its stake in shares of RTX by 0.7% in the second quarter. Sage Capital Advisors llc now owns 90,631 shares of the company’s stock valued at $9,098,000 after buying an additional 613 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 1.2 %

RTX stock opened at $121.83 on Monday. The company has a market cap of $162.16 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82. RTX Co. has a fifty-two week low of $79.67 and a fifty-two week high of $128.70. The stock’s 50 day simple moving average is $122.34 and its 200 day simple moving average is $114.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.07%. RTX’s payout ratio is 72.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.