Darden Wealth Group Inc Purchases 132 Shares of RTX Co. (NYSE:RTX)

Darden Wealth Group Inc grew its position in RTX Co. (NYSE:RTX) by 1.3% in the third quarter, HoldingsChannel.com reports. The fund owned 9,916 shares of the company’s stock after buying an additional 132 shares during the period. RTX comprises about 0.9% of Darden Wealth Group Inc’s portfolio, making the stock its 29th biggest holding. Darden Wealth Group Inc’s holdings in RTX were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Napa Wealth Management acquired a new stake in RTX during the 3rd quarter valued at $1,307,000. Manning & Napier Advisors LLC bought a new stake in shares of RTX during the 2nd quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. grew its stake in RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the last quarter. Kennebec Savings Bank acquired a new stake in RTX during the third quarter worth approximately $953,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of RTX by 36.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after acquiring an additional 97,749 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.8 %

RTX opened at $120.14 on Friday. The stock has a market cap of $159.91 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. 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 twelve month low of $78.00 and a twelve month high of $128.70. The company has a fifty day moving average of $122.13 and a 200-day moving average of $113.89.

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

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 annualized dividend and a yield of 2.10%. RTX’s payout ratio is currently 72.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on RTX. The Goldman Sachs Group upped their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Royal Bank of Canada boosted their price objective 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. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.