South Street Advisors LLC Has $9.36 Million Stock Holdings in RTX Co. (NYSE:RTX)

South Street Advisors LLC lowered its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,287 shares of the company's stock after selling 6,305 shares during the quarter. South Street Advisors LLC's holdings in RTX were worth $9,364,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. KPP Advisory Services LLC grew its position in RTX by 4.9% during the third quarter. KPP Advisory Services LLC now owns 5,459 shares of the company's stock worth $661,000 after buying an additional 256 shares in the last quarter. RIA Advisory Group LLC bought a new stake in RTX during the third quarter worth $250,000. Natixis Advisors LLC lifted its stake in RTX by 1.9% during the third quarter. Natixis Advisors LLC now owns 1,238,447 shares of the company's stock worth $150,050,000 after purchasing an additional 23,311 shares during the last quarter. Empirical Finance LLC lifted its stake in RTX by 1.5% during the third quarter. Empirical Finance LLC now owns 48,766 shares of the company's stock worth $5,908,000 after purchasing an additional 721 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its stake in RTX by 4.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 7,388 shares of the company's stock worth $895,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.2 %

NYSE RTX traded up $0.24 on Friday, reaching $118.53. The company had a trading volume of 6,970,495 shares, compared to its average volume of 6,669,619. The firm has a market cap of $157.77 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.19 and a beta of 0.82. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The business has a 50 day moving average of $122.20 and a two-hundred day moving average of $113.39. 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 issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $1.25 EPS. The business's revenue was up 6.0% compared to the same quarter last year. Analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 2.13%. RTX's dividend payout ratio is presently 72.00%.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Susquehanna upped their target price on RTX from $140.00 to $150.00 and gave the stock a "positive" rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Melius Research upped their target price on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company dropped their price target on RTX from $491.00 to $467.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of "Hold" 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.