Integrated Advisors Network LLC Has $2.42 Million Holdings in RTX Co. (NYSE:RTX)

Integrated Advisors Network LLC grew its holdings in RTX Co. (NYSE:RTX) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,974 shares of the company’s stock after purchasing an additional 517 shares during the period. Integrated Advisors Network LLC’s holdings in RTX were worth $2,420,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in shares of RTX during the 2nd quarter valued at $30,837,000. O Shaughnessy Asset Management LLC boosted its position in RTX by 126.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock valued at $17,134,000 after purchasing an additional 98,248 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares in the last quarter. Cetera Investment Advisers grew its stake in RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock valued at $35,646,000 after purchasing an additional 232,103 shares in the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new position in RTX in the 2nd quarter worth about $602,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

NYSE RTX opened at $122.79 on Wednesday. The company’s fifty day moving average is $121.98 and its two-hundred day moving average is $111.75. The firm has a market capitalization of $163.44 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 52-week low of $77.76 and a 52-week high of $128.70.

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. The firm 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%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. Equities research analysts forecast that RTX Co. will post 5.57 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.05%. RTX’s payout ratio is 98.82%.

Analysts Set New Price Targets

RTX has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company cut their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Ten investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $177.27.

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.