Pathway Financial Advisers LLC Buys 519 Shares of RTX Co. (NYSE:RTX)

Pathway Financial Advisers LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,104 shares of the company’s stock after acquiring an additional 519 shares during the quarter. Pathway Financial Advisers LLC’s holdings in RTX were worth $3,163,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mutual Advisors LLC lifted its holdings in shares of RTX by 0.8% during the third quarter. Mutual Advisors LLC now owns 50,885 shares of the company’s stock valued at $6,369,000 after acquiring an additional 380 shares during the period. Adell Harriman & Carpenter Inc. raised its holdings in shares of RTX by 0.7% in the third quarter. Adell Harriman & Carpenter Inc. now owns 63,519 shares of the company’s stock valued at $7,696,000 after buying an additional 438 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in shares of RTX by 4.2% in the third quarter. Childress Capital Advisors LLC now owns 4,511 shares of the company’s stock valued at $547,000 after buying an additional 182 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of RTX by 9.8% in the third quarter. Valmark Advisers Inc. now owns 12,002 shares of the company’s stock valued at $1,454,000 after buying an additional 1,068 shares during the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of RTX by 2.8% in the third quarter. Strategic Blueprint LLC now owns 7,345 shares of the company’s stock valued at $890,000 after buying an additional 201 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX stock opened at $122.79 on Wednesday. The firm has a market capitalization of $163.44 billion, a P/E ratio of 48.15, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 1 year low of $77.76 and a 1 year high of $128.70. The business has a 50-day moving average of $121.98 and a 200-day moving average of $111.75. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the firm earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that RTX Co. will post 5.57 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.05%. RTX’s dividend payout ratio is presently 98.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Susquehanna lifted their price objective on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Ten equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.