Raymond James Trust N.A. Purchases 3,011 Shares of RTX Co. (NYSE:RTX)

Raymond James Trust N.A. lifted its holdings in shares of RTX Co. (NYSE:RTX) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,307 shares of the company’s stock after purchasing an additional 3,011 shares during the period. Raymond James Trust N.A.’s holdings in RTX were worth $14,940,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. 49 Wealth Management LLC bought a new position in shares of RTX during the third quarter worth about $306,000. Darden Wealth Group Inc lifted its position in shares of RTX by 1.3% in the 3rd quarter. Darden Wealth Group Inc now owns 9,916 shares of the company’s stock worth $1,201,000 after purchasing an additional 132 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of RTX by 6.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock valued at $7,846,000 after purchasing an additional 3,818 shares during the last quarter. Pacer Advisors Inc. raised its stake in RTX by 3.9% during the third quarter. Pacer Advisors Inc. now owns 98,965 shares of the company’s stock worth $11,991,000 after buying an additional 3,676 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $379,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup increased their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average price target of $177.27.

RTX Trading Up 0.8 %

NYSE RTX opened at $120.14 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $159.91 billion, a P/E ratio of 34.33, a PEG ratio of 2.11 and a beta of 0.82. The business has a fifty day simple moving average of $122.13 and a 200 day simple moving average of $113.89. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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 company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business 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 dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.10%. RTX’s payout ratio is currently 72.00%.

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.