Vontobel Holding Ltd. raised its stake in RTX Co. (NYSE:RTX – Free Report) by 96.3% through the third quarter, HoldingsChannel.com reviews. The institutional investor owned 29,996 shares of the corporate’s inventory after shopping for a further 14,712 shares through the quarter. Vontobel Holding Ltd.’s holdings in RTX had been value $3,634,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds and different institutional traders additionally just lately modified their holdings of RTX. Briaud Monetary Planning Inc grew its holdings in RTX by 64.1% within the 2nd quarter. Briaud Monetary Planning Inc now owns 256 shares of the corporate’s inventory value $25,000 after shopping for a further 100 shares within the final quarter. Lynx Funding Advisory purchased a brand new place in RTX through the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a brand new place in shares of RTX through the 2nd quarter valued at $32,000. Fairfield Monetary Advisors LTD purchased a brand new stake in shares of RTX within the 2nd quarter value $41,000. Lastly, ORG Wealth Companions LLC acquired a brand new stake in shares of RTX within the third quarter valued at $50,000. Institutional traders and hedge funds personal 86.50% of the corporate’s inventory.
RTX Inventory Up 0.1 %
Shares of NYSE RTX opened at $125.92 on Friday. The enterprise has a fifty day transferring common of $120.91 and a two-hundred day transferring common of $110.38. The corporate has a debt-to-equity ratio of 0.66, a fast ratio of 0.73 and a present ratio of 0.99. RTX Co. has a 52-week low of $72.48 and a 52-week excessive of $127.00. The inventory has a market cap of $167.41 billion, a PE ratio of 49.38, a PEG ratio of two.21 and a beta of 0.82.
RTX (NYSE:RTX – Get Free Report) final launched its quarterly earnings outcomes on Thursday, July twenty fifth. The corporate reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The agency had income of $19.72 billion for the quarter, in comparison with analyst estimates of $19.29 billion. RTX had a web margin of three.12% and a return on fairness of 11.37%. The corporate’s income for the quarter was up 7.7% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.29 earnings per share. As a gaggle, equities analysis analysts count on that RTX Co. will submit 5.45 earnings per share for the present fiscal 12 months.
RTX Broadcasts Dividend
The agency additionally just lately declared a quarterly dividend, which will probably be paid on Thursday, December twelfth. Traders of document on Friday, November fifteenth will probably be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November fifteenth. This represents a $2.52 dividend on an annualized foundation and a yield of two.00%. RTX’s dividend payout ratio is 98.82%.
Wall Road Analyst Weigh In
RTX has been the subject of a number of analysis reviews. TD Cowen upgraded shares of RTX to a “strong-buy” score in a analysis report on Tuesday, October eighth. StockNews.com raised shares of RTX from a “maintain” score to a “purchase” score in a analysis observe on Friday, September sixth. Deutsche Financial institution Aktiengesellschaft upgraded shares of RTX from a “promote” score to a “maintain” score and lifted their value goal for the inventory from $109.00 to $129.00 in a analysis report on Thursday, October third. Robert W. Baird elevated their value goal on RTX from $105.00 to $115.00 and gave the corporate a “impartial” score in a analysis report on Friday, July twenty sixth. Lastly, Royal Financial institution of Canada lifted their goal value on RTX from $102.00 to $115.00 and gave the inventory a “sector carry out” score in a report on Friday, July twenty sixth. One analyst has rated the inventory with a promote score, ten have issued a maintain score, 5 have issued a purchase score and one has given a powerful purchase score to the corporate. In line with MarketBeat.com, RTX has a consensus score of “Maintain” and a consensus goal value of $162.50.
Get Our Newest Analysis Report on RTX
Insider Shopping for and Promoting at RTX
In different information, CEO Christopher T. Calio offered 4,235 shares of the agency’s inventory in a transaction on Monday, July twenty ninth. The inventory was offered at a median value of $114.00, for a complete worth of $482,790.00. Following the completion of the sale, the chief govt officer now immediately owns 88,509 shares within the firm, valued at roughly $10,090,026. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is out there via this hyperlink. In different information, CEO Christopher T. Calio offered 4,235 shares of the inventory in a transaction that occurred on Monday, July twenty ninth. The shares had been offered at a median value of $114.00, for a complete transaction of $482,790.00. Following the sale, the chief govt officer now immediately owns 88,509 shares of the corporate’s inventory, valued at $10,090,026. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is out there via this hyperlink. Additionally, insider Shane G. Eddy offered 6,741 shares of the agency’s inventory in a transaction that occurred on Friday, July twenty sixth. The shares had been offered at a median value of $114.76, for a complete transaction of $773,597.16. The disclosure for this sale will be discovered right here. Within the final quarter, insiders offered 178,333 shares of firm inventory value $20,861,880. 0.13% of the inventory is at present owned by insiders.
About RTX
RTX Company, an aerospace and protection firm, gives techniques and providers for the industrial, army, and authorities clients in america and internationally. It operates via three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Programs section affords aerospace and protection merchandise, and aftermarket service options for civil and army plane producers and industrial airways, in addition to regional, enterprise, and common aviation, protection, and industrial house operations.
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