Bleakley Financial Group LLC Increases Stake in RTX Co. (NYSE:RTX)

Bleakley Financial Group LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,144 shares of the company’s stock after acquiring an additional 3,950 shares during the quarter. Bleakley Financial Group LLC’s holdings in RTX were worth $5,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Czech National Bank grew its stake in shares of RTX by 7.0% during the 3rd quarter. Czech National Bank now owns 270,983 shares of the company’s stock valued at $32,832,000 after acquiring an additional 17,645 shares during the period. Ignite Planners LLC bought a new position in shares of RTX in the third quarter worth approximately $213,000. Country Trust Bank increased its stake in shares of RTX by 25.7% in the third quarter. Country Trust Bank now owns 2,446 shares of the company’s stock worth $296,000 after purchasing an additional 500 shares in the last quarter. Leibman Financial Services Inc. bought a new stake in shares of RTX during the 3rd quarter valued at $463,000. Finally, Brookstone Capital Management boosted its holdings in RTX by 1.6% in the 3rd quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock worth $4,932,000 after buying an additional 640 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RTX. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. UBS Group increased their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 0.6 %

Shares of RTX opened at $129.12 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $119.70 and a 200 day moving average price of $119.83. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The firm has a market capitalization of $171.86 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.17 and a beta of 0.82.

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

RTX Dividend Announcement

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.