Sivia Capital Partners LLC Has $422,000 Holdings in RTX Co. (NYSE:RTX)

Sivia Capital Partners LLC grew its position in shares of RTX Co. (NYSE:RTX) by 11.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,486 shares of the company’s stock after acquiring an additional 348 shares during the period. Sivia Capital Partners LLC’s holdings in RTX were worth $422,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Capital Research Global Investors lifted its stake in RTX by 4.2% in the first quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock valued at $9,186,520,000 after acquiring an additional 3,761,246 shares during the last quarter. Capital International Investors lifted its stake in shares of RTX by 4.8% in the 1st quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock valued at $6,670,523,000 after purchasing an additional 3,161,165 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in RTX by 2.0% in the first quarter. Clearbridge Investments LLC now owns 10,938,655 shares of the company’s stock worth $1,066,847,000 after purchasing an additional 213,331 shares in the last quarter. Legal & General Group Plc increased its position in RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after buying an additional 362,340 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock worth $831,740,000 after buying an additional 408,551 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock traded up $0.53 during trading on Monday, hitting $124.46. 558,503 shares of the company’s stock traded hands, compared to its average volume of 6,838,563. RTX Co. has a twelve month low of $72.48 and a twelve month high of $125.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $165.47 billion, a PE ratio of 48.60, a PEG ratio of 2.18 and a beta of 0.82. The firm’s fifty day moving average price is $119.86 and its 200 day moving average price is $109.58.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the company earned $1.29 EPS. RTX’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that RTX Co. will post 5.46 earnings per share for the current year.

RTX Announces Dividend

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Wells Fargo & Company reduced their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and raised their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their price objective on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus target price of $162.50.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last ninety days. Insiders own 0.13% of the company’s stock.

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.