RTX Co. (NYSE:RTX) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in RTX Co. (NYSE:RTX) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,980 shares of the company’s stock after purchasing an additional 23,797 shares during the quarter. Quantinno Capital Management LP’s holdings in RTX were worth $18,293,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter valued at $29,000. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the second quarter valued at $32,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the third quarter valued at $41,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of RTX during the second quarter valued at $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $119.25 on Thursday. The stock’s 50-day moving average price is $122.27 and its two-hundred day moving average price is $114.88. 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 company has a market cap of $158.72 billion, a PE ratio of 34.07, a PEG ratio of 2.09 and a beta of 0.80. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’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 company earned $1.25 EPS. On average, 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 issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.11%. RTX’s payout ratio is presently 72.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTX. Citigroup lifted their price objective 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. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Barclays lifted 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. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target 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.