Mirae Asset Global Investments Co. Ltd. Has $9.51 Million Stake in RTX Co. (NYSE:RTX)

Mirae Asset Global Investments Co. Ltd. grew its position in RTX Co. (NYSE:RTX - Free Report) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,994 shares of the company's stock after acquiring an additional 11,354 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in RTX were worth $9,510,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in RTX during the third quarter worth approximately $562,000. Joel Isaacson & Co. LLC raised its position in shares of RTX by 2.9% in the third quarter. Joel Isaacson & Co. LLC now owns 9,433 shares of the company's stock valued at $1,143,000 after purchasing an additional 263 shares during the period. Shayne & Jacobs LLC raised its position in shares of RTX by 0.9% in the third quarter. Shayne & Jacobs LLC now owns 13,812 shares of the company's stock valued at $1,673,000 after purchasing an additional 121 shares during the period. Mediolanum International Funds Ltd boosted its holdings in shares of RTX by 6.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 29,400 shares of the company's stock worth $3,534,000 after buying an additional 1,831 shares during the period. Finally, Tandem Capital Management Corp ADV grew its stake in RTX by 72.2% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 6,866 shares of the company's stock valued at $832,000 after buying an additional 2,879 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX traded up $0.31 during midday trading on Monday, hitting $125.47. The company's stock had a trading volume of 4,453,186 shares, compared to its average volume of 6,741,253. 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 Co. has a one year low of $77.76 and a one year high of $128.70. The stock has a market capitalization of $167.00 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company's fifty day simple moving average is $121.88 and its two-hundred day simple moving average is $111.59.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that RTX Co. will post 5.57 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX's dividend payout ratio is currently 72.00%.

Insiders Place Their Bets

In related news, Chairman Gregory Hayes sold 134,887 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company's stock, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of RTX from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on RTX from $491.00 to $467.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on RTX from $110.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, July 29th. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Friday, September 6th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RTX presently has an average rating of "Hold" and an average price target of $175.27.

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.