Rockefeller Capital Management L.P. Has $63.66 Million Holdings in RTX Co. (NYSE:RTX)

Rockefeller Capital Management L.P. boosted its holdings in RTX Co. (NYSE:RTX) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 526,055 shares of the company’s stock after purchasing an additional 834 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in RTX were worth $63,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the third quarter worth approximately $29,000. Briaud Financial Planning Inc increased 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 worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory acquired a new position in RTX in the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the second quarter worth about $32,000. Finally, Western Pacific Wealth Management LP acquired a new stake in RTX during the third quarter worth about $41,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada upped their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Susquehanna lifted their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Citigroup raised their price target 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. Finally, Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.27.

RTX Price Performance

Shares of NYSE:RTX opened at $121.83 on Friday. The stock’s 50 day moving average is $122.27 and its 200-day moving average is $114.44. RTX Co. has a twelve month low of $79.67 and a twelve 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 firm has a market capitalization of $162.16 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.13 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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. During the same period last year, the firm earned $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast 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 paid 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 2.07%. RTX’s dividend payout ratio (DPR) is presently 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.