Fisher Asset Management LLC Increases Position in RTX Co. (NYSE:RTX)

Fisher Asset Management LLC raised its position in shares of RTX Co. (NYSE:RTX - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,471,471 shares of the company's stock after purchasing an additional 852,183 shares during the quarter. Fisher Asset Management LLC owned 1.39% of RTX worth $2,238,004,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in RTX by 2.9% during the first quarter. Earnest Partners LLC now owns 8,054 shares of the company's stock valued at $786,000 after acquiring an additional 225 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of RTX by 0.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 92,700 shares of the company's stock valued at $9,041,000 after purchasing an additional 581 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of RTX by 65.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 118,110 shares of the company's stock valued at $11,519,000 after purchasing an additional 46,510 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in shares of RTX by 41.2% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,395 shares of the company's stock worth $331,000 after purchasing an additional 990 shares during the last quarter. Finally, Slagle Financial LLC purchased a new stake in shares of RTX in the first quarter worth about $2,795,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 1.8 %

RTX stock traded down $2.12 during midday trading on Monday, reaching $118.65. The company's stock had a trading volume of 8,321,934 shares, compared to its average volume of 6,623,552. The firm has a market capitalization of $157.93 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.14 and a beta of 0.82. RTX Co. has a 1 year low of $79.13 and a 1 year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a fifty day simple moving average of $122.16 and a two-hundred day simple moving average of $114.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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 during 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%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. On average, equities research analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX's payout ratio is 72.00%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Royal Bank of Canada upped their target price on shares of RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a "sell" rating to a "hold" rating and lifted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.27.

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.