Physicians Financial Services Inc. Makes New Investment in RTX Co. (NYSE:RTX)

Physicians Financial Services Inc. purchased a new stake in RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,813 shares of the company’s stock, valued at approximately $1,795,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Briaud Financial Planning Inc raised its position in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in shares of RTX during the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at about $41,000. Finally, Western Pacific Wealth Management LP purchased a new position in RTX during the third quarter worth about $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted 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. Ten analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $177.27.

RTX Stock Performance

Shares of RTX traded up $2.71 during mid-day trading on Friday, hitting $122.79. 562,696 shares of the company’s stock were exchanged, compared to its average volume of 6,686,167. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The business’s 50 day moving average is $122.08 and its two-hundred day moving average is $112.54. The firm has a market capitalization of $163.44 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.15 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. On average, equities analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.05%. RTX’s payout ratio is currently 72.00%.

RTX Profile

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.