Graypoint LLC Purchases 213 Shares of RTX Co. (NYSE:RTX)

Graypoint LLC increased its position in RTX Co. (NYSE:RTX) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,665 shares of the company’s stock after purchasing an additional 213 shares during the period. Graypoint LLC’s holdings in RTX were worth $2,019,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc lifted its holdings in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of RTX in the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX during the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter worth $41,000. Finally, Stephens Consulting LLC grew its stake in shares of RTX by 34.1% in the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after acquiring an additional 114 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 1.2 %

RTX opened at $120.08 on Friday. The company has a 50 day moving average of $122.08 and a 200 day moving average of $112.54. The company has a market cap of $159.83 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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%. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. On average, sell-side analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

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. This represents a $2.52 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on RTX shares. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their price objective on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Ten research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” 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.