Segall Bryant & Hamill LLC Has $14.39 Million Stock Position in RTX Co. (NYSE:RTX)

Segall Bryant & Hamill LLC raised its position in RTX Co. (NYSE:RTX - Free Report) by 20.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,758 shares of the company's stock after buying an additional 20,385 shares during the period. Segall Bryant & Hamill LLC's holdings in RTX were worth $14,389,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc raised its position in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of RTX in the second quarter valued at about $26,000. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the 2nd quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in RTX in the 2nd quarter valued at about $41,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock traded up $0.99 during midday trading on Thursday, hitting $120.14. 1,871,614 shares of the company were exchanged, compared to its average volume of 6,627,713. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The firm has a market capitalization of $159.91 billion, a P/E ratio of 34.33, a PEG ratio of 2.11 and a beta of 0.82. The firm's 50 day moving average price is $122.13 and its two-hundred day moving average price is $113.89. 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 released its quarterly earnings results 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. 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%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, equities research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 2.10%. The ex-dividend date is Friday, November 15th. RTX's payout ratio is currently 72.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RTX shares. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. TD Cowen raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "sell" rating to a "hold" rating and increased their price target for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Finally, 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 report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.