Caisse DE Depot ET Placement DU Quebec Takes Position in RTX Co. (NYSE:RTX)

Caisse DE Depot ET Placement DU Quebec acquired a new position in RTX Co. (NYSE:RTX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,900 shares of the company’s stock, valued at approximately $2,169,000.

Several other large investors also recently bought and sold shares of the stock. Napa Wealth Management acquired a new stake in shares of RTX in the third quarter valued at approximately $1,307,000. Manning & Napier Advisors LLC acquired a new stake in RTX during the second quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 acquiring an additional 11,354 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of RTX during the 3rd quarter valued at $953,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in RTX by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after purchasing an additional 97,749 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RTX shares. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their target price for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $177.27.

RTX Stock Performance

Shares of RTX stock opened at $118.67 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market capitalization of $157.95 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.16 and a beta of 0.82. RTX Co. has a one year low of $79.67 and a one year high of $128.70. The business has a 50-day simple moving average of $122.34 and a 200 day simple moving average of $114.68.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for 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 company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. On average, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 2.12%. RTX’s payout ratio is currently 72.00%.

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.