Wilmington Savings Fund Society FSB Grows Stake in RTX Co. (NYSE:RTX)

Wilmington Savings Fund Society FSB boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 365.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,237 shares of the company's stock after acquiring an additional 90,499 shares during the period. Wilmington Savings Fund Society FSB's holdings in RTX were worth $13,962,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RTX. Marshall Wace LLP grew its stake in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock valued at $206,172,000 after acquiring an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Fisher Asset Management LLC grew its stake in shares of RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after buying an additional 852,183 shares during the period. Hsbc Holdings PLC grew its stake in shares of RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company's stock valued at $246,300,000 after buying an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of RTX by 256.6% in the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company's stock valued at $118,309,000 after buying an additional 702,699 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "sell" rating to a "hold" rating and increased their price target for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. TD Cowen upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Susquehanna increased their target price 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. Royal Bank of Canada boosted their price target on shares of RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.27.

RTX Stock Down 0.8 %

NYSE:RTX traded down $0.88 during midday trading on Thursday, reaching $116.06. The company had a trading volume of 3,848,557 shares, compared to its average volume of 6,496,419. RTX Co. has a 12-month low of $79.67 and a 12-month high of $128.70. The firm has a market capitalization of $154.48 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.09 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is $121.79 and its 200-day simple moving average is $115.32.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. The business's quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, November 15th. RTX's dividend payout ratio 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.