RTX Co. (NYSE:RTX) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 11.6% during the third quarter, Holdings Channel.com reports. The fund owned 680,484 shares of the company’s stock after acquiring an additional 70,838 shares during the period. Cerity Partners LLC’s holdings in RTX were worth $82,448,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RTX. Napa Wealth Management acquired a new stake in RTX during the 3rd quarter worth about $1,307,000. Manning & Napier Advisors LLC acquired a new stake in shares of RTX during the second quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. boosted its position in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the last quarter. Kennebec Savings Bank acquired a new position in RTX in the 3rd quarter worth approximately $953,000. Finally, Robeco Institutional Asset Management B.V. raised its position in RTX by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after buying an additional 97,749 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $120.77 on Friday. 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 capitalization of $160.75 billion, a PE ratio of 34.51, a P/E/G ratio of 2.13 and a beta of 0.82. RTX Co. has a fifty-two week low of $79.13 and a fifty-two week high of $128.70. The company has a fifty day moving average of $122.17 and a two-hundred day moving average of $114.09.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 2.09%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Royal Bank of Canada upped their price objective 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. Alembic Global Advisors raised shares of 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. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

RTX 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.