Insight Inv LLC Has $2.13 Million Stake in RTX Co. (NYSE:RTX)

Insight Inv LLC raised its position in RTX Co. (NYSE:RTX) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,549 shares of the company’s stock after purchasing an additional 250 shares during the period. RTX makes up about 1.8% of Insight Inv LLC’s investment portfolio, making the stock its 23rd biggest holding. Insight Inv LLC’s holdings in RTX were worth $2,126,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Lantz Financial LLC raised its holdings in RTX by 8.0% during the 2nd quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock worth $277,000 after buying an additional 204 shares during the period. Friedenthal Financial acquired a new position in RTX during the second quarter worth approximately $48,000. Diversified Trust Co boosted its stake in shares of RTX by 6.4% during the 2nd quarter. Diversified Trust Co now owns 33,349 shares of the company’s stock worth $3,348,000 after acquiring an additional 2,020 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of RTX by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 663,771 shares of the company’s stock valued at $66,636,000 after purchasing an additional 4,982 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of RTX by 2.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 27,129 shares of the company’s stock worth $2,723,000 after buying an additional 698 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 1.2 %

Shares of NYSE RTX opened at $116.59 on Tuesday. The stock has a market capitalization of $155.18 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.09 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $122.07 and its 200-day moving average price is $115.23. RTX Co. has a 12-month low of $79.67 and a 12-month high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. 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 report on Wednesday, October 23rd. Citigroup raised their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. 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. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Company 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.