RTX Co. (NYSE:RTX) Shares Acquired by Sanders Capital LLC

Sanders Capital LLC increased its position in shares of RTX Co. (NYSE:RTX) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,912,062 shares of the company’s stock after acquiring an additional 9,640 shares during the quarter. RTX makes up about 1.9% of Sanders Capital LLC’s portfolio, making the stock its 16th biggest holding. Sanders Capital LLC owned approximately 0.82% of RTX worth $1,322,105,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the third quarter valued at $29,000. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% during the 2nd 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 last quarter. Lynx Investment Advisory purchased a new stake in RTX in the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the second quarter valued at about $32,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Susquehanna lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Citigroup boosted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.27.

RTX Stock Performance

Shares of RTX stock opened at $119.18 on Tuesday. RTX Co. has a 12 month low of $79.13 and a 12 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 company has a market cap of $158.63 billion, a P/E ratio of 33.90, a PEG ratio of 2.14 and a beta of 0.82. The firm has a fifty day moving average price of $122.16 and a 200 day moving average price of $114.26.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS. Sell-side analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio 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.