Tudor Financial Inc. Makes New $797,000 Investment in RTX Co. (NYSE:RTX)

Tudor Financial Inc. purchased a new position in shares of RTX Co. (NYSE:RTX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,578 shares of the company’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC lifted its position in RTX by 7.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 15,170 shares of the company’s stock worth $1,838,000 after buying an additional 1,002 shares in the last quarter. TD Private Client Wealth LLC lifted its position in RTX by 1.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 51,261 shares of the company’s stock worth $6,211,000 after buying an additional 842 shares in the last quarter. Neo Ivy Capital Management bought a new stake in RTX during the 3rd quarter worth about $1,690,000. Coldstream Capital Management Inc. raised its holdings in shares of RTX by 5.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 29,015 shares of the company’s stock valued at $3,519,000 after purchasing an additional 1,531 shares during the period. Finally, Strait & Sound Wealth Management LLC raised its holdings in shares of RTX by 49.1% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 6,465 shares of the company’s stock valued at $783,000 after purchasing an additional 2,130 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $116.94 on Thursday. The firm has a market cap of $155.65 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80. The firm’s fifty day moving average is $121.79 and its 200-day moving average is $115.32. 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 52 week low of $79.67 and a 52 week high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Sell-side analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared 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. This represents a $2.52 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is currently 72.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada increased their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and increased their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $177.27.

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.