Fisher Asset Management LLC Raises Stock Holdings in RTX Co. (NYSE:RTX)

Fisher Asset Management LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,471,471 shares of the company’s stock after buying an additional 852,183 shares during the quarter. Fisher Asset Management LLC owned 1.39% of RTX worth $2,238,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Briaud Financial Planning Inc grew its stake 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 buying an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new stake in RTX during the second quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth about $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX in the second quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of RTX in the second quarter valued at approximately $41,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on RTX. Royal Bank of Canada raised their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, UBS Group lifted their price target 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. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $177.27.

RTX Stock Up 0.2 %

RTX stock opened at $120.77 on Monday. The firm has a market cap of $160.75 billion, a PE ratio of 34.51, a PEG ratio of 2.14 and a beta of 0.82. RTX Co. has a 1 year low of $79.13 and a 1 year high of $128.70. The company has a fifty day simple moving average of $122.17 and a 200 day simple moving average of $114.17. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

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, 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 company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared 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. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

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.