RTX Co. (NYSE:RTX) Shares Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its holdings in shares of RTX Co. (NYSE:RTX) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 299,093 shares of the company’s stock after buying an additional 773 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in RTX were worth $36,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RTX. GSA Capital Partners LLP acquired a new stake in shares of RTX during the first quarter worth $661,000. WNY Asset Management LLC boosted its holdings in shares of RTX by 3.9% in the first quarter. WNY Asset Management LLC now owns 3,617 shares of the company’s stock valued at $353,000 after acquiring an additional 135 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of RTX by 5.7% during the first quarter. Meeder Asset Management Inc. now owns 2,945 shares of the company’s stock worth $287,000 after acquiring an additional 158 shares during the period. Meeder Advisory Services Inc. raised its holdings in RTX by 4.0% during the first quarter. Meeder Advisory Services Inc. now owns 16,712 shares of the company’s stock worth $1,630,000 after purchasing an additional 646 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its position in RTX by 4.5% in the first quarter. Verus Capital Partners LLC now owns 5,247 shares of the company’s stock valued at $512,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent analyst reports. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company cut their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird raised their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and upped their price target for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Finally, Citigroup raised 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. Ten analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

RTX stock opened at $123.55 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. RTX Co. has a fifty-two week low of $78.00 and a fifty-two week high of $128.70. The stock has a fifty day moving average of $122.08 and a two-hundred day moving average of $112.77. The company has a market capitalization of $164.45 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.19 and a beta of 0.82.

RTX (NYSE:RTX) last announced 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. 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 previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.04%. RTX’s payout ratio is currently 72.00%.

About RTX

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.