KBC Group NV Has $12.76 Million Stock Holdings in RTX Co. (NYSE:RTX)

KBC Group NV lifted its stake in shares of RTX Co. (NYSE:RTX) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,297 shares of the company’s stock after purchasing an additional 5,374 shares during the quarter. KBC Group NV’s holdings in RTX were worth $12,758,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of RTX during the 1st quarter worth approximately $730,000. Edgestream Partners L.P. acquired a new stake in shares of RTX in the 1st quarter valued at $325,000. Davis R M Inc. increased its stake in shares of RTX by 3.7% in the 1st quarter. Davis R M Inc. now owns 393,478 shares of the company’s stock valued at $38,376,000 after purchasing an additional 14,149 shares during the last quarter. Trustmark National Bank Trust Department raised its holdings in shares of RTX by 35.5% during the 1st quarter. Trustmark National Bank Trust Department now owns 6,654 shares of the company’s stock worth $649,000 after buying an additional 1,744 shares in the last quarter. Finally, Lcnb Corp lifted its position in shares of RTX by 2.0% during the 1st quarter. Lcnb Corp now owns 7,208 shares of the company’s stock worth $703,000 after buying an additional 143 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Robert W. Baird boosted their target price 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. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Hold” and a consensus price target of $177.27.

RTX Stock Up 0.2 %

Shares of NYSE RTX opened at $118.53 on Friday. The company’s 50 day moving average price is $122.20 and its 200-day moving average price is $113.47. 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 Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

RTX (NYSE:RTX) last released its 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 net margin of 5.97% and a return on equity of 11.96%. The business 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 earned $1.25 earnings per share. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared 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. This represents a $2.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) 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.