D.A. Davidson & CO. Buys 11,094 Shares of RTX Co. (NYSE:RTX)

D.A. Davidson & CO. grew its position in RTX Co. (NYSE:RTX - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780,464 shares of the company's stock after buying an additional 11,094 shares during the quarter. RTX makes up approximately 0.8% of D.A. Davidson & CO.'s portfolio, making the stock its 23rd largest position. D.A. Davidson & CO. owned approximately 0.06% of RTX worth $94,561,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Silvercrest Asset Management Group LLC raised its position in RTX by 0.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 92,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 581 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its position in shares of RTX by 41.2% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,395 shares of the company's stock valued at $331,000 after purchasing an additional 990 shares during the period. Tidal Investments LLC raised its position in shares of RTX by 58.9% in the first quarter. Tidal Investments LLC now owns 40,425 shares of the company's stock valued at $3,943,000 after purchasing an additional 14,991 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of RTX in the first quarter valued at approximately $908,000. Finally, Beacon Capital Management LLC raised its position in shares of RTX by 34.2% in the first quarter. Beacon Capital Management LLC now owns 3,318 shares of the company's stock valued at $324,000 after purchasing an additional 845 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock traded up $1.96 during trading hours on Tuesday, hitting $120.61. 3,131,244 shares of the stock were exchanged, compared to its average volume of 6,605,153. 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 capitalization of $160.53 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.14 and a beta of 0.82. The company has a 50-day simple moving average of $122.16 and a two-hundred day simple moving average of $114.26. RTX Co. has a 12 month low of $79.13 and a 12 month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to analysts' expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. On average, analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX's payout ratio is currently 72.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group boosted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.