Swiss National Bank grew its position in RTX Co. (NYSE:RTX - Free Report) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,946,281 shares of the company's stock after buying an additional 9,400 shares during the period. Swiss National Bank owned 0.30% of RTX worth $478,131,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new stake in RTX in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the second quarter worth $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the second quarter worth $41,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter valued at $41,000. Institutional investors and hedge funds own 86.50% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Melius Research increased their target price on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, Alembic Global Advisors upgraded shares of RTX from a "neutral" rating to an "overweight" rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $177.27.
View Our Latest Research Report on RTX
RTX Stock Up 0.2 %
Shares of NYSE RTX traded up $0.24 during midday trading on Friday, hitting $118.53. 6,970,495 shares of the company's stock were exchanged, compared to its average volume of 5,258,494. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The company has a market cap of $157.77 billion, a PE ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82. The firm's fifty day simple moving average is $122.20 and its 200-day simple moving average is $113.56.
RTX (NYSE:RTX - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. Research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.
RTX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX's dividend payout ratio is presently 72.00%.
RTX Company Profile
(
Free Report)
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.
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