RTX Co. (NYSE:RTX) is iSAM Funds UK Ltd’s 9th Largest Position

iSAM Funds UK Ltd lifted its stake in RTX Co. (NYSE:RTX) by 320.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,984 shares of the company’s stock after purchasing an additional 12,179 shares during the quarter. RTX comprises 1.1% of iSAM Funds UK Ltd’s portfolio, making the stock its 9th biggest holding. iSAM Funds UK Ltd’s holdings in RTX were worth $1,937,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RTX. Lantz Financial LLC boosted its holdings in RTX by 8.0% during the 2nd quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock valued at $277,000 after acquiring an additional 204 shares during the period. Fermata Advisors LLC purchased a new position in RTX during the 2nd quarter valued at $222,000. HFG Advisors Inc. raised its position in RTX by 19.2% during the 2nd quarter. HFG Advisors Inc. now owns 3,782 shares of the company’s stock valued at $380,000 after purchasing an additional 610 shares in the last quarter. Austin Private Wealth LLC raised its position in RTX by 3.0% during the 2nd quarter. Austin Private Wealth LLC now owns 4,058 shares of the company’s stock valued at $407,000 after purchasing an additional 118 shares in the last quarter. Finally, Mechanics Bank Trust Department raised its position in RTX by 10.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 10,246 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.5 %

Shares of NYSE:RTX opened at $117.98 on Friday. The business’s 50-day moving average is $122.16 and its 200 day moving average is $115.02. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70. The firm has a market capitalization of $157.03 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.11 and a beta of 0.80. 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 (NYSE:RTX) last announced 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 return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the company posted $1.25 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company 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 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 yield of 2.14%. RTX’s payout ratio is presently 72.00%.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Susquehanna lifted their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus 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.