Pacer Advisors Inc. Acquires 3,676 Shares of RTX Co. (NYSE:RTX)

Pacer Advisors Inc. raised its holdings in shares of RTX Co. (NYSE:RTX) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,965 shares of the company’s stock after purchasing an additional 3,676 shares during the period. Pacer Advisors Inc.’s holdings in RTX were worth $11,991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc increased its position in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory purchased a new position in shares of RTX during the second quarter valued at about $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the third quarter valued at about $29,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX in the second quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in RTX during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $120.77 on Friday. The firm 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. The company has a 50 day moving average price of $122.17 and a 200-day moving average price of $114.09. RTX Co. has a 52 week low of $79.13 and a 52 week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect 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. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is currently 72.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RTX. Susquehanna raised their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Eight investment 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’s stock. According to data from MarketBeat.com, the company has an average 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.