Tidal Investments LLC Buys 5,767 Shares of RTX Co. (NYSE:RTX)

Tidal Investments LLC increased its holdings in RTX Co. (NYSE:RTX - Free Report) by 22.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,671 shares of the company's stock after purchasing an additional 5,767 shares during the period. Tidal Investments LLC's holdings in RTX were worth $3,837,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter worth $29,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD bought a new position in RTX in the 2nd quarter worth $41,000. Finally, Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded up $1.70 during trading on Friday, reaching $117.75. 5,061,628 shares of the company traded hands, compared to its average volume of 4,272,769. The firm has a 50 day simple moving average of $121.49 and a 200-day simple moving average of $115.48. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $156.73 billion, a PE ratio of 33.64, a P/E/G ratio of 2.08 and a beta of 0.80. RTX Co. has a 52-week low of $79.67 and a 52-week high of $128.70.

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

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, November 15th. RTX's payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Wells Fargo & Company upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Citigroup increased their price target on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. UBS Group increased their price target on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.27.

RTX 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.