RTX Co. (NYSE:RTX) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in RTX Co. (NYSE:RTX) by 729.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,803 shares of the company’s stock after buying an additional 71,064 shares during the quarter. Benjamin Edwards Inc.’s holdings in RTX were worth $9,793,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory purchased a new position in shares of RTX during the second quarter worth $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX in the 2nd quarter valued at $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in RTX during the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $118.67 on Tuesday. The stock’s 50-day simple moving average is $122.34 and its 200-day simple moving average is $114.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market capitalization of $157.95 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80. RTX Co. has a fifty-two week low of $79.67 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings data 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. 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 the consensus estimate of $19.84 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.12%. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and lifted their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Citigroup raised their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lifted their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.