Captrust Financial Advisors Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Captrust Financial Advisors lifted its stake in RTX Co. (NYSE:RTX) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 239,458 shares of the company’s stock after buying an additional 4,112 shares during the period. Captrust Financial Advisors’ holdings in RTX were worth $29,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RTX. Martingale Asset Management L P boosted its stake in shares of RTX by 2,059.9% during the third quarter. Martingale Asset Management L P now owns 95,229 shares of the company’s stock valued at $11,538,000 after purchasing an additional 90,820 shares during the period. Infrastructure Capital Advisors LLC purchased a new stake in shares of RTX in the 3rd quarter worth about $238,000. Vinva Investment Management Ltd increased its position in shares of RTX by 24.9% during the third quarter. Vinva Investment Management Ltd now owns 10,273 shares of the company’s stock valued at $1,237,000 after buying an additional 2,048 shares during the period. Financial Counselors Inc. raised its stake in RTX by 0.7% in the third quarter. Financial Counselors Inc. now owns 480,148 shares of the company’s stock worth $58,175,000 after buying an additional 3,258 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock valued at $713,222,000 after purchasing an additional 140,697 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.2 %

RTX stock opened at $121.83 on Friday. RTX Co. has a one year low of $79.67 and a one year high of $128.70. The stock has a fifty day moving average of $122.27 and a 200 day moving average of $114.44. 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 stock has a market cap of $162.16 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.13 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, sell-side analysts predict that RTX Co. will post 5.56 EPS 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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Susquehanna upped their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Citigroup increased their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Eight research 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 stock. Based on data from MarketBeat, the stock 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.