RTX Co. (NYSE:RTX) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in RTX Co. (NYSE:RTX - Free Report) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,886,614 shares of the company's stock after acquiring an additional 140,697 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.44% of RTX worth $713,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its stake in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock worth $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in RTX during the 2nd quarter worth approximately $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the 3rd quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX in the second quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of RTX during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RTX. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their price objective on shares of RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Friday, September 6th. Eight 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 target price of $177.27.

RTX Trading Down 0.2 %

Shares of RTX stock traded down $0.27 during mid-day trading on Thursday, hitting $120.34. 3,604,221 shares of the stock were exchanged, compared to its average volume of 6,596,955. 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 has a market capitalization of $160.17 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company has a 50-day simple moving average of $122.24 and a 200 day simple moving average of $114.40. RTX Co. has a twelve month low of $79.57 and a twelve month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. Research 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. Investors of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, November 15th. RTX's payout ratio is currently 72.00%.

About RTX

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.