Pathway Financial Advisers LLC Purchases 519 Shares of RTX Co. (NYSE:RTX)

Pathway Financial Advisers LLC raised its position in RTX Co. (NYSE:RTX) by 2.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,104 shares of the company’s stock after buying an additional 519 shares during the quarter. Pathway Financial Advisers LLC’s holdings in RTX were worth $3,163,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc lifted its stake in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $41,000. Finally, Stephens Consulting LLC boosted its holdings in shares of RTX by 34.1% in the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RTX shares. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. Melius Research increased their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Susquehanna raised their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

RTX stock opened at $122.79 on Wednesday. RTX Co. has a 12-month low of $77.76 and a 12-month high of $128.70. 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 business’s 50-day moving average price is $121.98 and its two-hundred day moving average price is $111.75. The stock has a market cap of $163.44 billion, a PE ratio of 48.15, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.57 earnings per share for the current fiscal year.

RTX Announces Dividend

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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 98.82%.

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.