RTX Co. (NYSE:RTX) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC boosted its holdings in RTX Co. (NYSE:RTX) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,766 shares of the company’s stock after acquiring an additional 721 shares during the quarter. Empirical Finance LLC’s holdings in RTX were worth $5,908,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RTX shares. JPMorgan Chase & Co. raised their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Robert W. Baird increased their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Melius Research upped their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Morgan Stanley upped their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna boosted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus target price of $177.27.

RTX Stock Performance

NYSE:RTX opened at $118.15 on Friday. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a market cap of $157.26 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.19 and a beta of 0.82. The firm’s 50-day moving average is $122.20 and its 200-day moving average is $113.28. 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 (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. Equities research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. 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.