Daiwa Securities Group Inc. Acquires 13,800 Shares of RTX Co. (NYSE:RTX)

Daiwa Securities Group Inc. grew its holdings in RTX Co. (NYSE:RTX) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,308 shares of the company’s stock after acquiring an additional 13,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in RTX were worth $19,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% during the 2nd 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 shares of RTX during the second quarter worth $26,000. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the 2nd quarter worth $32,000. Finally, Fairfield Financial Advisors LTD bought a new position in RTX during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a report on Tuesday, July 30th. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Stock Up 0.2 %

Shares of RTX stock opened at $120.77 on Monday. RTX Co. has a 52-week low of $79.13 and a 52-week high of $128.70. 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 stock has a market cap of $160.75 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.14 and a beta of 0.82. The firm’s 50-day moving average is $122.17 and its 200-day moving average is $114.17.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $19.84 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that RTX Co. will post 5.56 EPS for the current 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 given 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 2.09%. RTX’s dividend payout ratio (DPR) is 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.