2,610 Shares in RTX Co. (NYSE:RTX) Purchased by Camden National Bank

Camden National Bank bought a new position in RTX Co. (NYSE:RTX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,610 shares of the company’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MidAtlantic Capital Management Inc. bought a new position in RTX in the third quarter worth about $29,000. Briaud Financial Planning Inc lifted its holdings in shares of RTX by 64.1% during the 2nd 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. Lynx Investment Advisory acquired a new stake in shares of RTX in the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter worth approximately $32,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of RTX in the third quarter worth $41,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.2 %

NYSE:RTX opened at $120.77 on Friday. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70. The firm has a market cap of $160.75 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $122.17 and a 200 day moving average price of $114.02.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business 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 business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. Sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. 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 report on Wednesday, October 23rd. Eight 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” 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.