RTX Co. (NYSE:RTX) Stock Holdings Trimmed by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in RTX Co. (NYSE:RTX) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,446 shares of the company’s stock after selling 2,236 shares during the quarter. Stephens Inc. AR’s holdings in RTX were worth $12,049,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in RTX during the 2nd quarter valued at about $30,837,000. O Shaughnessy Asset Management LLC raised its holdings in RTX by 126.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after purchasing an additional 98,248 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. Cetera Investment Advisers boosted its stake in RTX by 174.0% during the 1st quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock valued at $35,646,000 after purchasing an additional 232,103 shares in the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new position in shares of RTX during the 2nd quarter valued at $602,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price 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. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and increased their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $177.27.

RTX Stock Performance

Shares of RTX opened at $118.75 on Friday. The company has a market capitalization of $158.06 billion, a PE ratio of 33.93, a PEG ratio of 2.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company’s 50 day moving average price is $122.13 and its 200 day moving average price is $112.02. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70.

RTX (NYSE:RTX) 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 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. Research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. RTX’s dividend payout ratio is 72.00%.

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.