Quest Partners LLC Buys 19,226 Shares of RTX Co. (NYSE:RTX)

Quest Partners LLC increased its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 8,216.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,460 shares of the company's stock after acquiring an additional 19,226 shares during the period. Quest Partners LLC's holdings in RTX were worth $2,358,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in RTX in the 1st quarter valued at about $730,000. Edgestream Partners L.P. bought a new stake in shares of RTX in the first quarter worth about $325,000. Trustmark National Bank Trust Department raised its holdings in RTX by 35.5% during the 1st quarter. Trustmark National Bank Trust Department now owns 6,654 shares of the company's stock worth $649,000 after buying an additional 1,744 shares during the period. PAX Financial Group LLC boosted its position in shares of RTX by 2.6% during the first quarter. PAX Financial Group LLC now owns 7,126 shares of the company's stock worth $695,000 after buying an additional 180 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of RTX by 126.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company's stock valued at $17,134,000 after purchasing an additional 98,248 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RTX shares. Susquehanna increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a research note on Wednesday, October 23rd. 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. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Alembic Global Advisors raised shares of RTX from a "neutral" rating to an "overweight" rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Finally, Bank of America upgraded shares of RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, RTX currently has an average rating of "Hold" and a consensus price target of $177.27.

RTX Price Performance

Shares of NYSE RTX traded up $0.78 during mid-day trading on Monday, reaching $119.31. The company had a trading volume of 2,290,512 shares, compared to its average volume of 6,649,987. The firm has a market cap of $158.80 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.10 and a beta of 0.82. The business's 50-day simple moving average is $122.20 and its 200 day simple moving average is $113.56. RTX Co. has a one year low of $78.00 and a one 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.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. On average, research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.11%. RTX's dividend payout ratio is currently 72.00%.

About RTX

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.