Intech Investment Management LLC raised its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,497 shares of the company's stock after purchasing an additional 12,445 shares during the period. Intech Investment Management LLC's holdings in RTX were worth $6,118,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the 3rd quarter worth about $29,000. Briaud Financial Planning Inc lifted its position in RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new stake in RTX during the second quarter worth approximately $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the second quarter worth $32,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 86.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Bank of America upgraded RTX from a "neutral" rating to a "buy" rating and increased their price target for the company from $110.00 to $140.00 in a 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 for the company in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised RTX from a "sell" rating to a "hold" rating and boosted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. The Goldman Sachs Group increased their price objective on shares of RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Finally, UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.27.
Get Our Latest Analysis on RTX
RTX Price Performance
Shares of RTX stock opened at $120.77 on Friday. The firm has a fifty day moving average of $122.17 and a two-hundred day moving average of $114.02. The firm has a market cap of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.13 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 current ratio of 0.99 and a quick ratio of 0.73.
RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm earned $1.25 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.
RTX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX's dividend payout ratio (DPR) is presently 72.00%.
RTX Company Profile
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Free Report)
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.
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