Inscription Capital LLC Purchases 4,652 Shares of RTX Corporation $RTX

Inscription Capital LLC lifted its position in RTX Corporation (NYSE:RTXFree Report) by 20.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,834 shares of the company’s stock after purchasing an additional 4,652 shares during the quarter. Inscription Capital LLC’s holdings in RTX were worth $4,657,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PFS Partners LLC increased its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in RTX in the second quarter worth $29,000. Access Investment Management LLC purchased a new position in RTX in the second quarter worth $31,000. SOA Wealth Advisors LLC. increased its stake in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new stake in RTX during the third quarter valued at about $36,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.2%

Shares of RTX stock opened at $202.13 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $202.17. The company’s 50 day moving average price is $180.85 and its 200-day moving average price is $167.49. The stock has a market capitalization of $271.01 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.92 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research reports. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 target price on shares of RTX in a research note on Tuesday, November 25th. Bank of America lifted their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, The Goldman Sachs Group increased their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $186.88.

Get Our Latest Report on RTX

Key RTX News

Here are the key news stories impacting RTX this week:

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

RTX Company Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.