Darwin Wealth Management LLC Purchases Shares of 6,566 RTX Co. (NYSE:RTX)

by · The Cerbat Gem

Darwin Wealth Management LLC purchased a new stake in RTX Co. (NYSE:RTX – Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 6,566 shares of the company’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Edgestream Partners L.P. purchased a new position in shares of RTX in the 1st quarter worth $325,000. Bessemer Group Inc. grew its stake in shares of RTX by 1.4% in the 1st quarter. Bessemer Group Inc. now owns 86,243 shares of the company’s stock worth $8,412,000 after buying an additional 1,225 shares in the last quarter. Vident Advisory LLC grew its stake in shares of RTX by 132.2% in the 1st quarter. Vident Advisory LLC now owns 132,515 shares of the company’s stock worth $12,924,000 after buying an additional 75,449 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of RTX by 46.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,361 shares of the company’s stock worth $133,000 after buying an additional 429 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its stake in shares of RTX by 178.1% in the 1st quarter. CreativeOne Wealth LLC now owns 18,858 shares of the company’s stock worth $1,839,000 after buying an additional 12,076 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $119.26 on Wednesday. The stock has a market cap of $158.74 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. 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 Co. has a 1 year low of $78.00 and a 1 year high of $128.70. The firm has a 50-day moving average of $122.13 and a two-hundred day moving average of $113.81.

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

RTX Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.11%. RTX’s dividend payout ratio is currently 72.00%.

Analysts Set New Price Targets

RTX has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted 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. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $177.27.

View Our Latest Analysis on RTX

RTX Company Profile

(Free Report)

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.

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