F&V Capital Management LLC Boosts Stake in RTX Co. (NYSE:RTX)

F&V Capital Management LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 155,629 shares of the company’s stock after acquiring an additional 940 shares during the quarter. RTX comprises about 4.7% of F&V Capital Management LLC’s portfolio, making the stock its 5th biggest holding. F&V Capital Management LLC’s holdings in RTX were worth $18,009,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RTX. Assenagon Asset Management S.A. boosted its position in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after buying an additional 2,094,834 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after acquiring an additional 1,686,007 shares during the last quarter. Jennison Associates LLC increased its position in RTX by 190.7% during the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company’s stock valued at $175,202,000 after purchasing an additional 993,273 shares during the period. Fisher Asset Management LLC raised its holdings in RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of RTX by 256.6% in the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after purchasing an additional 702,699 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $130.03 on Tuesday. The firm has a market cap of $173.07 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.17 and a beta of 0.82. The firm’s fifty day moving average is $119.37 and its 200 day moving average is $119.59. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts predict that RTX Co. will post 6.12 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Bank of America lifted their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $163.07.

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.