Beta Wealth Group Inc. Has $644,000 Stock Holdings in RTX Co. (NYSE:RTX)

Beta Wealth Group Inc. raised its stake in RTX Co. (NYSE:RTX) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,312 shares of the company’s stock after purchasing an additional 602 shares during the period. Beta Wealth Group Inc.’s holdings in RTX were worth $644,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory bought a new position in shares of RTX during the second quarter worth approximately $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX during the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the 2nd quarter valued at $41,000. Finally, Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at $41,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX stock opened at $123.55 on Friday. The company has a market capitalization of $164.45 billion, a P/E ratio of 35.30, a PEG ratio of 2.15 and a beta of 0.82. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a fifty day moving average price of $122.08 and a 200-day moving average price of $112.69. 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 (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. As a group, equities analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Morgan Stanley boosted 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. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average 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.