Blankinship & Foster LLC Invests $7.28 Million in RTX Co. (NYSE:RTX)

Blankinship & Foster LLC bought a new position in RTX Co. (NYSE:RTX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 60,067 shares of the company's stock, valued at approximately $7,278,000. RTX accounts for 1.2% of Blankinship & Foster LLC's portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. LRI Investments LLC raised its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new position in shares of RTX during the 3rd quarter worth $1,307,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock valued at $9,510,000 after purchasing an additional 11,354 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of RTX in the third quarter valued at about $953,000. Finally, Point72 Hong Kong Ltd boosted its holdings in RTX by 83.5% during the third quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company's stock worth $10,032,000 after buying an additional 37,671 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 0.8 %

Shares of NYSE:RTX traded down $0.88 during midday trading on Thursday, reaching $116.06. The company's stock had a trading volume of 3,848,557 shares, compared to its average volume of 6,496,419. The firm has a market cap of $154.48 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80. The business has a 50 day moving average price of $121.79 and a 200 day moving average price of $115.32. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 annualized dividend and a dividend yield of 2.17%. RTX's dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Friday, September 6th. Wells Fargo & Company raised RTX from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. UBS Group boosted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" 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.