Douglass Winthrop Advisors LLC Has $761,000 Position in RTX Co. (NYSE:RTX)

Douglass Winthrop Advisors LLC boosted its holdings in shares of RTX Co. (NYSE:RTX) by 4.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,277 shares of the company’s stock after acquiring an additional 255 shares during the period. Douglass Winthrop Advisors LLC’s holdings in RTX were worth $761,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Briaud Financial Planning Inc increased its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of RTX in the 2nd quarter valued at about $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the second quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at approximately $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $118.65 on Tuesday. The business’s 50 day moving average is $122.16 and its 200-day moving average is $114.26. The firm has a market cap of $157.93 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. RTX Co. has a 1-year low of $79.13 and a 1-year high of $128.70. 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 announced its earnings results 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 net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.12%. RTX’s payout ratio is 72.00%.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and increased their price target for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.27.

About RTX

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.