Wealth Dimensions Group Ltd. Purchases Shares of 1,938 RTX Co. (NYSE:RTX)

Wealth Dimensions Group Ltd. purchased a new stake in shares of RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,938 shares of the company’s stock, valued at approximately $235,000.

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

RTX Stock Up 0.2 %

Shares of NYSE RTX opened at $120.77 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $79.13 and a 1 year high of $128.70. The stock has a market capitalization of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.13 and a beta of 0.82. The company has a 50-day moving average price of $122.17 and a 200-day moving average price of $114.09.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS 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 analyst estimates of $19.84 billion. During the same period in the previous year, the company posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued 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 is 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Susquehanna lifted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

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.