RTX Co. (NYSE:RTX) Shares Bought by Aljian Capital Management LLC

Aljian Capital Management LLC increased its holdings in RTX Co. (NYSE:RTX) by 31.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,631 shares of the company’s stock after buying an additional 5,219 shares during the period. RTX makes up about 0.6% of Aljian Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Aljian Capital Management LLC’s holdings in RTX were worth $2,621,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. TrinityPoint Wealth LLC grew its position in shares of RTX by 0.5% during the third quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock worth $4,695,000 after acquiring an additional 186 shares during the last quarter. Essential Planning LLC. acquired a new position in shares of RTX during the third quarter valued at $216,000. Tower Bridge Advisors raised its stake in shares of RTX by 0.8% during the third quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock valued at $12,666,000 after purchasing an additional 876 shares in the last quarter. Schear Investment Advisers LLC lifted its holdings in RTX by 1.6% in the third quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock worth $706,000 after purchasing an additional 89 shares during the period. Finally, Turtle Creek Wealth Advisors LLC increased its stake in RTX by 3.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 12,121 shares of the company’s stock valued at $1,469,000 after buying an additional 373 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $118.53 on Monday. RTX Co. has a 12-month low of $78.00 and a 12-month 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. The company has a market cap of $157.77 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company’s fifty day moving average is $122.20 and its two-hundred day moving average is $113.56.

RTX (NYSE:RTX) last released its 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. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. RTX’s payout ratio is 72.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays upped their price target 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. The Goldman Sachs Group increased their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company dropped their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.