RTX Co. (NYSE:RTX) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its position in shares of RTX Co. (NYSE:RTX) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,774 shares of the company’s stock after selling 972 shares during the quarter. Penserra Capital Management LLC’s holdings in RTX were worth $5,545,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and raised their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Trading Up 0.2 %

Shares of NYSE RTX opened at $120.77 on Monday. The stock has a fifty day simple moving average of $122.17 and a 200-day simple moving average of $114.17. RTX Co. has a twelve month low of $79.13 and a twelve month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $160.75 billion, a PE ratio of 34.51, a PEG ratio of 2.14 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities analysts forecast 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. 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 dividend yield of 2.09%. RTX’s dividend payout ratio (DPR) is 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.