Natixis Advisors LLC Raises Holdings in RTX Co. (NYSE:RTX)

Natixis Advisors LLC raised its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,238,447 shares of the company's stock after acquiring an additional 23,311 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of RTX worth $150,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Briaud Financial Planning Inc increased its holdings in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of RTX in the second quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX during the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the 2nd quarter valued at $41,000. Finally, Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter worth $41,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Wells Fargo & Company decreased their target price on RTX from $491.00 to $467.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "sell" rating to a "hold" rating and boosted their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Friday, September 6th. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Finally, Barclays lifted their target price on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Nine 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $177.27.

RTX Stock Up 0.2 %

NYSE:RTX traded up $0.24 during midday trading on Friday, reaching $118.53. 6,970,495 shares of the stock traded hands, compared to its average volume of 6,669,619. The business has a 50-day moving average of $122.20 and a two-hundred day moving average of $113.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 12-month low of $78.00 and a 12-month high of $128.70. The stock has a market capitalization of $157.77 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) 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 firm 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 business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, November 15th. 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.