RTX Co. (NYSE:RTX) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in RTX Co. (NYSE:RTX) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,946,281 shares of the company’s stock after acquiring an additional 9,400 shares during the period. Swiss National Bank owned approximately 0.30% of RTX worth $478,131,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Briaud Financial Planning Inc boosted its position in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new position in RTX during the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the second quarter valued at approximately $32,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter valued at approximately $41,000. Finally, Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter valued at approximately $41,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Robert W. Baird boosted their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and boosted their target price for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Wells Fargo & Company reduced their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Stock Up 0.2 %

RTX stock opened at $118.53 on Friday. 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 Co. has a 1-year low of $78.00 and a 1-year high of $128.70. The firm has a fifty day moving average price of $122.20 and a two-hundred day moving average price of $113.47. The firm has a market cap of $157.77 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Research analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

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 given 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 2.13%. RTX’s dividend payout ratio is currently 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.