Larson Financial Group LLC Buys 5,196 Shares of RTX Co. (NYSE:RTX)

Larson Financial Group LLC lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 124.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,364 shares of the company's stock after acquiring an additional 5,196 shares during the quarter. Larson Financial Group LLC's holdings in RTX were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Marshall Wace LLP raised its holdings 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 buying an additional 1,901,256 shares during the last quarter. International Assets Investment Management LLC raised its holdings in RTX by 11,235.6% during 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 last quarter. Hsbc Holdings PLC raised its holdings in RTX by 47.9% during 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 last quarter. abrdn plc raised its holdings in RTX by 527.6% during the 3rd quarter. abrdn plc now owns 605,790 shares of the company's stock valued at $72,852,000 after buying an additional 509,261 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in RTX by 498.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 521,793 shares of the company's stock valued at $63,220,000 after buying an additional 434,628 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 1.8 %

RTX stock traded down $2.12 during mid-day trading on Monday, reaching $118.65. The stock had a trading volume of 8,321,934 shares, compared to its average volume of 6,623,552. The company has a market capitalization of $157.93 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.14 and a beta of 0.82. The company has a 50-day moving average price of $122.16 and a two-hundred day moving average price of $114.26. RTX Co. has a one year low of $79.13 and a one year high of $128.70. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for 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%. RTX's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. On average, analysts expect that RTX Co. will post 5.56 EPS 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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, November 15th. RTX's dividend payout ratio is currently 72.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. TD Cowen raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "sell" rating to a "hold" rating and boosted their price objective for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.27.

RTX Company 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.