WESPAC Advisors LLC Raises Holdings in RTX Co. (NYSE:RTX)

WESPAC Advisors LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 0.9% in the third quarter, Holdings Channel reports. The institutional investor owned 9,820 shares of the company’s stock after acquiring an additional 89 shares during the period. WESPAC Advisors LLC’s holdings in RTX were worth $1,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Gabelli Funds LLC boosted its stake in RTX by 68.5% in the first quarter. Gabelli Funds LLC now owns 53,640 shares of the company’s stock valued at $5,232,000 after acquiring an additional 21,800 shares in the last quarter. Earnest Partners LLC boosted its position in shares of RTX by 2.9% in the 1st quarter. Earnest Partners LLC now owns 8,054 shares of the company’s stock worth $786,000 after purchasing an additional 225 shares in the last quarter. Lavaca Capital LLC grew its stake in RTX by 4.6% during the 1st quarter. Lavaca Capital LLC now owns 4,985 shares of the company’s stock worth $486,000 after buying an additional 221 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in RTX by 0.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 92,700 shares of the company’s stock valued at $9,041,000 after buying an additional 581 shares in the last quarter. Finally, Kinloch Capital LLC raised its stake in RTX by 14.4% in the first quarter. Kinloch Capital LLC now owns 30,993 shares of the company’s stock valued at $3,023,000 after buying an additional 3,895 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a report on Tuesday, July 30th. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Trading Up 0.2 %

Shares of NYSE:RTX opened at $120.77 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. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70. The business has a 50 day moving average of $122.17 and a two-hundred day moving average of $114.09. The company has a market capitalization of $160.75 billion, a PE ratio of 34.51, a PEG ratio of 2.13 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results 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 net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. RTX’s payout ratio is 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.