Aljian Capital Management LLC Boosts Position in RTX Co. (NYSE:RTX)

Aljian Capital Management LLC raised its position in RTX Co. (NYSE:RTX) by 31.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,631 shares of the company’s stock after purchasing an additional 5,219 shares during the period. RTX comprises approximately 0.6% of Aljian Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Aljian Capital Management LLC’s holdings in RTX were worth $2,621,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Briaud Financial Planning Inc lifted its position in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new position in RTX in the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX during the 2nd quarter worth about $32,000. Fairfield Financial Advisors LTD acquired a new position in shares of RTX in the second quarter valued at approximately $41,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of RTX during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. 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. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Citigroup increased their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and lifted their price target for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Finally, Susquehanna increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Nine equities research 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 stock. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus price target of $177.27.

RTX Trading Down 0.3 %

RTX opened at $118.53 on Monday. The firm’s 50 day moving average is $122.20 and its 200-day moving average is $113.56. RTX Co. has a 52-week low of $78.00 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. The firm has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX’s dividend payout ratio is presently 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.