Diversified LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Diversified LLC increased its position in shares of RTX Co. (NYSE:RTX) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,130 shares of the company’s stock after buying an additional 111 shares during the period. Diversified LLC’s holdings in RTX were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. Silvercrest Asset Management Group LLC raised its holdings in RTX by 0.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 92,700 shares of the company’s stock valued at $9,041,000 after acquiring an additional 581 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of RTX by 41.2% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,395 shares of the company’s stock valued at $331,000 after purchasing an additional 990 shares in the last quarter. Tidal Investments LLC lifted its position in shares of RTX by 58.9% during the first quarter. Tidal Investments LLC now owns 40,425 shares of the company’s stock worth $3,943,000 after purchasing an additional 14,991 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in RTX in the first quarter worth about $908,000. Finally, Beacon Capital Management LLC increased its holdings in RTX by 34.2% in the first quarter. Beacon Capital Management LLC now owns 3,318 shares of the company’s stock valued at $324,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. The Goldman Sachs Group lifted their target price on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Stock Performance

Shares of NYSE RTX opened at $118.65 on Tuesday. RTX Co. has a 12-month low of $79.13 and a 12-month high of $128.70. The company has a market cap of $157.93 billion, a PE ratio of 33.90, a P/E/G ratio of 2.14 and a beta of 0.82. The stock has a 50 day simple moving average of $122.16 and a 200-day simple moving average of $114.26. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, equities research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend 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.