Douglass Winthrop Advisors LLC Acquires 255 Shares of RTX Co. (NYSE:RTX)

Douglass Winthrop Advisors LLC lifted its holdings in RTX Co. (NYSE:RTX) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,277 shares of the company’s stock after purchasing an additional 255 shares during the period. Douglass Winthrop Advisors LLC’s holdings in RTX were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Briaud Financial Planning Inc lifted its position in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new stake in RTX in the 2nd quarter worth $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the second quarter valued at about $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of RTX in the second quarter valued at about $41,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. 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. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $177.27.

RTX Stock Performance

Shares of NYSE:RTX opened at $118.65 on Tuesday. The business has a fifty day moving average of $122.16 and a 200-day moving average of $114.26. 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 twelve month low of $79.13 and a twelve month high of $128.70. The firm has a market cap of $157.93 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the company posted $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. RTX’s dividend payout ratio (DPR) is currently 72.00%.

RTX Company 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.