1,711 Shares in RTX Co. (NYSE:RTX) Bought by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. bought a new stake in shares of RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,711 shares of the company’s stock, valued at approximately $207,000.

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

RTX Stock Performance

RTX opened at $119.26 on Wednesday. The stock has a 50-day moving average of $122.13 and a 200-day moving average of $113.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a market cap of $158.74 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RTX. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.