RTX Co. (NYSE:RTX) Stake Increased by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,591 shares of the company’s stock after acquiring an additional 445 shares during the quarter. Tempus Wealth Planning LLC’s holdings in RTX were worth $920,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RTX. Manning & Napier Advisors LLC acquired a new stake in shares of RTX during the 2nd quarter valued at approximately $30,837,000. Capital Advisors Ltd. LLC raised its holdings in shares of RTX by 7.3% during the first quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock worth $239,000 after purchasing an additional 166 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of RTX by 126.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after buying an additional 98,248 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of RTX by 174.0% in the 1st quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock valued at $35,646,000 after buying an additional 232,103 shares during the period. Finally, Susquehanna International Securities Ltd. bought a new stake in shares of RTX during the 2nd quarter valued at about $602,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.3 %

Shares of RTX stock opened at $125.54 on Wednesday. RTX Co. has a fifty-two week low of $72.52 and a fifty-two week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a market cap of $166.91 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The business has a fifty day simple moving average of $121.09 and a 200-day simple moving average of $110.74.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 earnings per share. On average, equities analysts forecast that RTX Co. will post 5.45 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Analyst Ratings Changes

Several equities analysts have recently commented on RTX shares. Melius Research upped their target price on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Robert W. Baird boosted their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $162.50.

Insider Activity

In related news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the transaction, the executive vice president now owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares in the company, valued at approximately $4,463,273.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last three months. Insiders own 0.13% of the company’s stock.

RTX 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.