Prospera Private Wealth LLC Increases Stock Holdings in RTX Co. (NYSE:RTX)

Prospera Private Wealth LLC increased its position in RTX Co. (NYSE:RTX - Free Report) by 197.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,601 shares of the company's stock after buying an additional 5,046 shares during the period. Prospera Private Wealth LLC's holdings in RTX were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter worth $29,000. Briaud Financial Planning Inc lifted its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in RTX during the second quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX in the second quarter worth $32,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter valued at $41,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 0.3 %

RTX stock traded down $0.40 during mid-day trading on Wednesday, reaching $118.56. The company had a trading volume of 1,430,888 shares, compared to its average volume of 6,627,081. The firm has a 50 day moving average of $122.13 and a 200 day moving average of $113.81. The company has a market capitalization of $157.81 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping 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 previous year, the firm posted $1.25 earnings per share. RTX's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX's dividend payout ratio is currently 72.00%.

Analyst Ratings Changes

A number of research firms have weighed in on RTX. The Goldman Sachs Group lifted their target price on RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Alembic Global Advisors raised shares of RTX from a "neutral" rating to an "overweight" rating and set a $134.00 price target for the company in a report on Tuesday, July 30th. Susquehanna upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Finally, Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.