Nomura Asset Management Co. Ltd. Grows Stock Position in RTX Co. (NYSE:RTX)

Nomura Asset Management Co. Ltd. boosted its position in RTX Co. (NYSE:RTX) by 6.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 398,268 shares of the company’s stock after buying an additional 23,290 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in RTX were worth $48,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RTX. Raab & Moskowitz Asset Management LLC increased its stake in shares of RTX by 1.7% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 7,413 shares of the company’s stock worth $898,000 after acquiring an additional 122 shares during the period. MML Investors Services LLC increased its position in RTX by 2.4% during the 3rd quarter. MML Investors Services LLC now owns 375,270 shares of the company’s stock worth $45,468,000 after purchasing an additional 8,644 shares during the period. Mosaic Financial Group LLC purchased a new position in shares of RTX during the 3rd quarter worth approximately $211,000. Zacks Investment Management acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $19,726,000. Finally, iSAM Funds UK Ltd boosted its stake in shares of RTX by 320.1% in the third quarter. iSAM Funds UK Ltd now owns 15,984 shares of the company’s stock valued at $1,937,000 after buying an additional 12,179 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $116.59 on Tuesday. The firm’s 50-day moving average is $122.07 and its two-hundred day moving average is $115.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $155.18 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.09 and a beta of 0.80. RTX Co. has a 12-month low of $79.67 and a 12-month high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the company earned $1.25 EPS. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Barclays raised their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna increased their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Eight 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. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average 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.