Sanders Capital LLC Purchases 9,640 Shares of RTX Co. (NYSE:RTX)

Sanders Capital LLC grew its position in RTX Co. (NYSE:RTX - Free Report) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,912,062 shares of the company's stock after buying an additional 9,640 shares during the quarter. RTX accounts for approximately 1.9% of Sanders Capital LLC's holdings, making the stock its 16th biggest holding. Sanders Capital LLC owned 0.82% of RTX worth $1,322,105,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the 3rd quarter worth about $29,000. Briaud Financial Planning Inc boosted its stake 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 buying an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new stake in RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter worth about $32,000. Finally, Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX traded up $1.97 during midday trading on Tuesday, reaching $120.62. The company's stock had a trading volume of 3,175,796 shares, compared to its average volume of 6,610,019. RTX Co. has a twelve month low of $79.13 and a twelve month high of $128.70. The stock has a market cap of $160.55 billion, a P/E ratio of 34.46, a PEG ratio of 2.14 and a beta of 0.82. The company has a fifty day simple moving average of $122.16 and a 200 day simple moving average of $114.26. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

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

RTX Dividend Announcement

The firm also recently disclosed 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 is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX's payout ratio is 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lifted their price objective on RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $177.27.

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.