National Pension Service Has $300.94 Million Stake in RTX Co. (NYSE:RTX)

National Pension Service boosted its stake in RTX Co. (NYSE:RTX) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,483,792 shares of the company’s stock after buying an additional 313,710 shares during the quarter. National Pension Service owned approximately 0.19% of RTX worth $300,936,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RTX. Briaud Financial Planning Inc boosted its stake in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in RTX in the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD bought a new position in RTX in the 2nd quarter valued at $41,000. Finally, Stephens Consulting LLC raised its position in RTX by 34.1% in the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.3 %

NYSE RTX opened at $119.14 on Monday. The stock has a 50-day simple moving average of $122.13 and a 200 day simple moving average of $112.09. The company has a market capitalization of $158.58 billion, a PE ratio of 33.93, a P/E/G ratio of 2.14 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70.

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 during 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced 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 2.12%. RTX’s payout ratio is 72.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Susquehanna lifted their price objective on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Finally, Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $177.27.

RTX 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.