RTX Co. (NYSE:RTX) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its stake in RTX Co. (NYSE:RTX - Free Report) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 537,476 shares of the company's stock after purchasing an additional 38,081 shares during the quarter. Lord Abbett & CO. LLC's holdings in RTX were worth $65,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of RTX. Marshall Wace LLP increased its position in shares of RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock valued at $206,172,000 after purchasing an additional 1,901,256 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock valued at $206,095,000 after purchasing an additional 1,686,007 shares in the last quarter. Fisher Asset Management LLC boosted its stake in RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. Hsbc Holdings PLC increased its position in RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company's stock valued at $246,300,000 after buying an additional 792,830 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of RTX by 256.6% in the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company's stock worth $118,309,000 after purchasing an additional 702,699 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a research report on Wednesday, October 23rd. TD Cowen raised RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Eight investment 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $177.27.

RTX Price Performance

Shares of RTX stock traded up $1.70 during trading hours on Friday, hitting $117.75. 5,061,628 shares of the company's stock were exchanged, compared to its average volume of 4,272,769. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $121.49 and a two-hundred day moving average of $115.48. The firm has a market cap of $156.73 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.08 and a beta of 0.80. RTX Co. has a fifty-two week low of $79.67 and a fifty-two week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last released its 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 net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.14%. RTX's dividend payout ratio (DPR) is presently 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.