Crestwood Advisors Group LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Crestwood Advisors Group LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,352 shares of the company’s stock after purchasing an additional 106 shares during the period. Crestwood Advisors Group LLC’s holdings in RTX were worth $2,950,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in RTX in the first quarter worth about $661,000. Larson Financial Group LLC lifted its holdings in RTX by 96.0% in the first quarter. Larson Financial Group LLC now owns 2,115 shares of the company’s stock worth $206,000 after buying an additional 1,036 shares during the period. Mediolanum International Funds Ltd purchased a new stake in RTX in the first quarter worth about $2,745,000. Howland Capital Management LLC lifted its holdings in RTX by 63.0% in the first quarter. Howland Capital Management LLC now owns 20,929 shares of the company’s stock worth $2,041,000 after buying an additional 8,092 shares during the period. Finally, Biechele Royce Advisors purchased a new stake in RTX in the first quarter worth about $248,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RTX. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, Susquehanna lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Ten 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.27.

RTX Price Performance

Shares of NYSE RTX opened at $118.97 on Wednesday. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The firm has a market cap of $158.35 billion, a P/E ratio of 33.99, a PEG ratio of 2.09 and a beta of 0.82. The company has a 50 day moving average of $122.12 and a 200 day moving average of $112.30. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business 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%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. As a group, research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

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 dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.12%. RTX’s dividend payout ratio is presently 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.