Creative Financial Designs Inc. ADV Sells 291 Shares of RTX Co. (NYSE:RTX)

Creative Financial Designs Inc. ADV lessened its position in RTX Co. (NYSE:RTX) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,256 shares of the company’s stock after selling 291 shares during the period. Creative Financial Designs Inc. ADV’s holdings in RTX were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of RTX by 13.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 393,854 shares of the company’s stock valued at $38,413,000 after purchasing an additional 46,541 shares during the period. PDS Planning Inc boosted its holdings in shares of RTX by 5.1% in the first quarter. PDS Planning Inc now owns 4,451 shares of the company’s stock worth $434,000 after buying an additional 217 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of RTX by 7.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 35,952 shares of the company’s stock valued at $3,506,000 after acquiring an additional 2,515 shares during the period. BNP Paribas bought a new stake in RTX during the first quarter valued at about $4,249,000. Finally, St. Louis Trust Co grew its stake in shares of RTX by 26.9% during the 1st quarter. St. Louis Trust Co now owns 10,149 shares of the company’s stock valued at $990,000 after acquiring an additional 2,153 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $118.75 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $158.06 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.14 and a beta of 0.82. The company’s 50-day simple moving average is $122.13 and its two-hundred day simple moving average is $112.02. RTX Co. has a one year low of $78.00 and a one year high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings results 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 business had revenue of $20.09 billion for 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 was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, equities analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

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

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday. Royal Bank of Canada upped their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.