Transamerica Financial Advisors Inc. Makes New Investment in RTX Co. (NYSE:RTX)

Transamerica Financial Advisors Inc. purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,343 shares of the company's stock, valued at approximately $1,496,000.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. Tidal Investments LLC increased its holdings in shares of RTX by 58.9% in the 1st quarter. Tidal Investments LLC now owns 40,425 shares of the company's stock valued at $3,943,000 after purchasing an additional 14,991 shares in the last quarter. iA Global Asset Management Inc. boosted its position in RTX by 3.9% during the first quarter. iA Global Asset Management Inc. now owns 10,997 shares of the company's stock worth $1,073,000 after purchasing an additional 414 shares in the last quarter. Strategic Wealth Partners Ltd. grew its holdings in RTX by 10.8% in the first quarter. Strategic Wealth Partners Ltd. now owns 86,450 shares of the company's stock valued at $8,431,000 after purchasing an additional 8,416 shares during the last quarter. LRI Investments LLC purchased a new position in shares of RTX in the first quarter valued at $6,574,000. Finally, Sanibel Captiva Trust Company Inc. raised its stake in shares of RTX by 2.8% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 119,346 shares of the company's stock worth $11,640,000 after buying an additional 3,306 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RTX. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a report on Friday, September 6th. Bank of America upgraded RTX from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Alembic Global Advisors upgraded RTX from a "neutral" rating to an "overweight" rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. Wells Fargo & Company raised RTX from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. Finally, Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and an average price target of $177.27.

RTX Trading Down 0.2 %

Shares of RTX stock traded down $0.27 during trading hours on Wednesday, hitting $120.34. 3,271,575 shares of the company were exchanged, compared to its average volume of 6,596,955. RTX Co. has a 1 year low of $79.57 and a 1 year high of $128.70. The firm has a fifty day moving average of $122.19 and a 200 day moving average of $114.36. The firm has a market cap of $160.17 billion, a PE ratio of 34.48, a PEG ratio of 2.10 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.25 EPS. Analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX's dividend payout ratio is presently 72.00%.

RTX Company 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.