RTX Co. (NYSE:RTX) Shares Purchased by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. increased its holdings in shares of RTX Co. (NYSE:RTX) by 43.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,067 shares of the company’s stock after acquiring an additional 3,047 shares during the period. MidWestOne Financial Group Inc.’s holdings in RTX were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the third quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the second quarter valued at $32,000. Fairfield Financial Advisors LTD acquired a new stake in RTX in the second quarter valued at $41,000. Finally, Western Pacific Wealth Management LP acquired a new stake in RTX in the third quarter valued at $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $117.62 on Wednesday. RTX Co. has a fifty-two week low of $79.67 and a fifty-two week high of $128.70. The business has a 50 day moving average price of $121.93 and a two-hundred day moving average price of $115.31. 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 firm has a market cap of $156.55 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 quarter last year, the firm earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced 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 2.14%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank of Canada upped their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Susquehanna upped their price objective on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” 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.