Catalyst Financial Partners LLC Raises Holdings in RTX Co. (NYSE:RTX)

Catalyst Financial Partners LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,172 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Catalyst Financial Partners LLC’s holdings in RTX were worth $1,354,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Goldstone Financial Group LLC purchased a new position in RTX in the third quarter valued at approximately $275,000. Fiducient Advisors LLC boosted its holdings in shares of RTX by 1.0% in the 3rd quarter. Fiducient Advisors LLC now owns 24,304 shares of the company’s stock valued at $2,945,000 after buying an additional 243 shares in the last quarter. SteelPeak Wealth LLC raised its stake in RTX by 2.0% during the 3rd quarter. SteelPeak Wealth LLC now owns 4,861 shares of the company’s stock worth $589,000 after acquiring an additional 93 shares in the last quarter. Ariston Services Group purchased a new stake in RTX in the third quarter valued at $232,000. Finally, Golden State Equity Partners boosted its stake in RTX by 0.4% in the third quarter. Golden State Equity Partners now owns 34,688 shares of the company’s stock valued at $4,203,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. JPMorgan Chase & Co. raised their price objective on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Bank of America upgraded 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. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird raised their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Ten research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $177.27.

RTX Stock Down 0.7 %

Shares of NYSE:RTX opened at $121.93 on Thursday. RTX Co. has a 12-month low of $78.00 and a 12-month high of $128.70. The stock’s 50-day moving average price is $122.07 and its two-hundred day moving average price is $111.82. 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 firm has a market cap of $162.29 billion, a price-to-earnings ratio of 47.82, a PEG ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, research analysts forecast that RTX Co. will post 5.57 EPS for the current year.

RTX Announces Dividend

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

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.