RTX Co. (NYSE:RTX) Stake Boosted by World Investment Advisors LLC

World Investment Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 37.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,809 shares of the company's stock after acquiring an additional 11,033 shares during the period. World Investment Advisors LLC's holdings in RTX were worth $4,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC lifted its stake in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management purchased a new stake in RTX in the 3rd quarter worth approximately $1,307,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock valued at $9,510,000 after buying an additional 11,354 shares in the last quarter. Kennebec Savings Bank purchased a new stake in RTX during the 3rd quarter valued at approximately $953,000. Finally, Point72 Hong Kong Ltd grew its holdings in RTX by 83.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company's stock valued at $10,032,000 after buying an additional 37,671 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "sell" rating to a "hold" rating and increased their price objective for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. StockNews.com upgraded RTX from a "hold" rating to a "buy" rating in a research report on Friday, September 6th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on RTX from $115.00 to $130.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. Finally, TD Cowen upgraded RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.27.

RTX Price Performance

Shares of RTX traded up $1.76 during mid-day trading on Friday, hitting $117.81. The company's stock had a trading volume of 1,696,963 shares, compared to its average volume of 6,476,044. 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 firm has a 50-day simple moving average of $121.64 and a 200 day simple moving average of $115.33. The firm has a market capitalization of $156.81 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.07 and a beta of 0.80. RTX Co. has a 1-year low of $79.67 and a 1-year high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 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 analysts' expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. Analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, November 15th. RTX's payout ratio is currently 72.00%.

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.