RTX Co. (NYSE:RTX) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 15.9% during the third quarter, HoldingsChannel.com reports. The fund owned 86,259 shares of the company’s stock after selling 16,255 shares during the period. Mizuho Securities USA LLC’s holdings in RTX were worth $10,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP increased its stake in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after buying an additional 1,901,256 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock valued at $246,300,000 after buying an additional 792,830 shares in the last quarter. abrdn plc boosted its holdings in shares of RTX by 527.6% in the 3rd quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after buying an additional 509,261 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in RTX by 498.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 521,793 shares of the company’s stock valued at $63,220,000 after purchasing an additional 434,628 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.2 %

RTX opened at $119.14 on Thursday. The firm has a market capitalization of $158.58 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.11 and a beta of 0.82. The firm’s 50 day moving average is $122.13 and its 200-day moving average is $113.84. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. 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 firm posted $1.25 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.12%. RTX’s dividend payout ratio (DPR) is 72.00%.

Analyst Ratings Changes

A number of brokerages have commented on RTX. Susquehanna upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Finally, Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.27.

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.