Capital Square LLC Raises Holdings in RTX Co. (NYSE:RTX)

Capital Square LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,113 shares of the company’s stock after purchasing an additional 110 shares during the period. Capital Square LLC’s holdings in RTX were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Briaud Financial Planning Inc raised its stake in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new stake in RTX in the second quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX during the 2nd quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD purchased a new position in RTX in the second quarter valued at approximately $41,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

NYSE:RTX traded down $0.41 during trading hours on Monday, reaching $120.36. 1,129,339 shares of the company’s stock were exchanged, compared to its average volume of 6,593,539. The company has a quick ratio of 0.73, a current ratio of 0.99 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 company has a market capitalization of $160.20 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. The business’s 50-day simple moving average is $122.17 and its two-hundred day simple moving average is $114.17.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.09%. RTX’s dividend payout ratio is currently 72.00%.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.