LongView Wealth Administration Invests $218,000 in RTX Co. (NYSE:RTX)

LongView Wealth Administration bought a brand new stake in shares of RTX Co. (NYSE:RTX – Free Report) in the course of the third quarter, in response to its most up-to-date Type 13F submitting with the Securities and Change Fee. The institutional investor bought 1,797 shares of the corporate’s inventory, valued at roughly $218,000.

A number of different massive traders have additionally not too long ago added to or decreased their stakes within the firm. Briaud Monetary Planning Inc boosted its place in RTX by 64.1% in the course of the 2nd quarter. Briaud Monetary Planning Inc now owns 256 shares of the corporate’s inventory valued at $25,000 after buying a further 100 shares in the course of the interval. Lynx Funding Advisory acquired a brand new place in shares of RTX in the course of the second quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a brand new place in shares of RTX in the course of the second quarter value about $32,000. Fairman Group LLC acquired a brand new stake in shares of RTX within the 4th quarter value about $38,000. Lastly, Fairfield Monetary Advisors LTD purchased a brand new stake in RTX within the 2nd quarter valued at about $41,000. 86.50% of the inventory is presently owned by institutional traders.

RTX Value Efficiency

NYSE RTX opened at $123.93 on Friday. The corporate has a 50 day easy transferring common of $119.86 and a 200-day easy transferring common of $109.49. RTX Co. has a 52-week low of $72.29 and a 52-week excessive of $125.93. The agency has a market capitalization of $164.86 billion, a price-to-earnings ratio of 71.64, a price-to-earnings-growth ratio of two.18 and a beta of 0.82. The corporate has a debt-to-equity ratio of 0.66, a present ratio of 0.99 and a fast ratio of 0.73.

RTX (NYSE:RTX – Get Free Report) final issued its earnings outcomes on Thursday, July twenty fifth. The corporate reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a internet margin of three.12% and a return on fairness of 11.37%. The corporate had income of $19.72 billion in the course of the quarter, in comparison with analyst estimates of $19.29 billion. Throughout the identical quarter final yr, the enterprise posted $1.29 EPS. The corporate’s income for the quarter was up 7.7% on a year-over-year foundation. Equities analysis analysts predict that RTX Co. will publish 5.46 earnings per share for the present fiscal yr.

RTX Pronounces Dividend

The corporate additionally not too long ago declared a quarterly dividend, which will likely be paid on Thursday, December twelfth. Stockholders of document on Friday, November fifteenth will likely be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized foundation and a dividend yield of two.03%. The ex-dividend date of this dividend is Friday, November fifteenth. RTX’s dividend payout ratio (DPR) is presently 145.67%.

Wall Road Analysts Forecast Development

A number of brokerages have not too long ago issued stories on RTX. Wells Fargo & Firm decreased their value goal on RTX from $491.00 to $467.00 and set an “equal weight” ranking for the corporate in a analysis report on Wednesday, July twenty fourth. Citigroup elevated their value goal on RTX from $122.00 to $132.00 and gave the inventory a “impartial” ranking in a analysis be aware on Thursday. Deutsche Financial institution Aktiengesellschaft upgraded shares of RTX from a “promote” ranking to a “maintain” ranking and lifted their value goal for the corporate from $109.00 to $129.00 in a analysis be aware on Thursday, October third. Financial institution of America upgraded shares of RTX from a “impartial” ranking to a “purchase” ranking and boosted their value goal for the inventory from $110.00 to $140.00 in a analysis report on Wednesday, July thirty first. Lastly, Royal Financial institution of Canada elevated their value goal on shares of RTX from $102.00 to $115.00 and gave the corporate a “sector carry out” ranking in a report on Friday, July twenty sixth. One analyst has rated the inventory with a promote ranking, ten have issued a maintain ranking, 5 have issued a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus goal value of $162.50.

Learn Our Newest Inventory Evaluation on RTX

Insider Exercise

In associated information, VP Amy L. Johnson bought 6,734 shares of the inventory in a transaction that occurred on Monday, July twenty ninth. The inventory was bought at a mean value of $113.88, for a complete worth of $766,867.92. Following the transaction, the vp now owns 12,318 shares within the firm, valued at roughly $1,402,773.84. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. In associated information, CEO Christopher T. Calio bought 4,235 shares of the agency’s inventory in a transaction that occurred on Monday, July twenty ninth. The inventory was bought at a mean value of $114.00, for a complete worth of $482,790.00. Following the transaction, the chief govt officer now straight owns 88,509 shares of the corporate’s inventory, valued at roughly $10,090,026. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, VP Amy L. Johnson bought 6,734 shares of the corporate’s inventory in a transaction that occurred on Monday, July twenty ninth. The inventory was bought at a mean value of $113.88, for a complete worth of $766,867.92. Following the sale, the vp now straight owns 12,318 shares of the corporate’s inventory, valued at $1,402,773.84. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Insiders bought a complete of 178,333 shares of firm inventory value $20,861,880 within the final three months. 0.13% of the inventory is owned by insiders.

About RTX

(Free Report)

RTX Company, an aerospace and protection firm, gives methods and providers for the industrial, navy, and authorities prospects in the USA and internationally. It operates by means of three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Techniques section gives aerospace and protection merchandise, and aftermarket service options for civil and navy plane producers and industrial airways, in addition to regional, enterprise, and basic aviation, protection, and industrial house operations.

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