Adero Partners LLC Has $972,000 Stock Holdings in RTX Co. (NYSE:RTX)

Adero Partners LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,401 shares of the company’s stock after purchasing an additional 300 shares during the period. Adero Partners LLC’s holdings in RTX were worth $972,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. CX Institutional grew its position in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after acquiring an additional 11,706 shares during the period. LRI Investments LLC grew its holdings in RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management acquired a new position in RTX during the third quarter worth approximately $1,307,000. Czech National Bank raised its stake in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after buying an additional 17,608 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $8,387,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.6 %

RTX opened at $129.12 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The stock has a market capitalization of $171.86 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a 50-day simple moving average of $119.70 and a 200 day simple moving average of $119.83.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts predict that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RTX. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

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.