Tidal Investments LLC Acquires 5,767 Shares of RTX Co. (NYSE:RTX)

Tidal Investments LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,671 shares of the company’s stock after acquiring an additional 5,767 shares during the period. Tidal Investments LLC’s holdings in RTX were worth $3,837,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RTX. Lantz Financial LLC boosted its stake in RTX by 8.0% during the 2nd quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock worth $277,000 after acquiring an additional 204 shares during the last quarter. TCW Group Inc. grew its holdings in shares of RTX by 4.0% in the 2nd quarter. TCW Group Inc. now owns 18,591 shares of the company’s stock valued at $1,866,000 after buying an additional 711 shares during the period. Means Investment CO. Inc. increased its position in shares of RTX by 6.6% in the 2nd quarter. Means Investment CO. Inc. now owns 15,387 shares of the company’s stock valued at $1,545,000 after buying an additional 947 shares in the last quarter. Apollon Wealth Management LLC raised its stake in RTX by 6.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 56,266 shares of the company’s stock worth $5,649,000 after buying an additional 3,500 shares during the period. Finally, Milestone Asset Management LLC bought a new position in RTX during the second quarter worth about $477,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.5 %

Shares of RTX stock opened at $117.75 on Friday. RTX Co. has a 12-month low of $79.67 and a 12-month 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 0.62. The business’s 50 day moving average is $121.49 and its 200-day moving average is $115.48. The stock has a market cap of $156.73 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.08 and a beta of 0.80.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were given a $0.63 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. RTX’s payout ratio is 72.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Susquehanna upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average 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.