Stiles Financial Services Inc Grows Stock Holdings in RTX Co. (NYSE:RTX)

Stiles Financial Services Inc raised its stake in RTX Co. (NYSE:RTX) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,360 shares of the company’s stock after buying an additional 111 shares during the period. RTX comprises 1.1% of Stiles Financial Services Inc’s holdings, making the stock its 23rd biggest holding. Stiles Financial Services Inc’s holdings in RTX were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in RTX. GSA Capital Partners LLP bought a new position in shares of RTX during the 1st quarter worth approximately $661,000. CFO4Life Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at $205,000. Envestnet Portfolio Solutions Inc. boosted its holdings in RTX by 19.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 83,424 shares of the company’s stock worth $8,136,000 after buying an additional 13,780 shares in the last quarter. Empowered Funds LLC boosted its holdings in RTX by 23.9% during the first quarter. Empowered Funds LLC now owns 70,204 shares of the company’s stock worth $6,847,000 after buying an additional 13,549 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in RTX during the first quarter worth $243,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

NYSE:RTX opened at $120.35 on Friday. The company’s 50-day moving average price is $122.08 and its 200-day moving average price is $112.54. 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 company has a market cap of $160.19 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.15 and a beta of 0.82. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings results 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. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.25 earnings per share. On average, sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RTX shares. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a report on Tuesday, July 30th. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.