Vinva Investment Management Ltd Increases Stock Position in RTX Co. (NYSE:RTX)

Vinva Investment Management Ltd increased its position in RTX Co. (NYSE:RTX) by 24.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,273 shares of the company’s stock after buying an additional 2,048 shares during the period. Vinva Investment Management Ltd’s holdings in RTX were worth $1,237,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Napa Wealth Management bought a new position in RTX in the third quarter worth approximately $1,307,000. Manning & Napier Advisors LLC acquired a new stake in RTX during the 2nd quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. grew its position in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. Kennebec Savings Bank acquired a new stake in shares of RTX during the 3rd quarter valued at about $953,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of RTX by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock valued at $44,250,000 after acquiring an additional 97,749 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. Susquehanna raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Citigroup upped their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $177.27.

RTX Trading Up 1.2 %

RTX stock opened at $121.83 on Friday. The firm’s 50-day moving average is $122.27 and its 200-day moving average is $114.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 1 year low of $79.67 and a 1 year high of $128.70. The company has a market cap of $162.16 billion, a P/E ratio of 34.81, a PEG ratio of 2.13 and a beta of 0.82.

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

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is 72.00%.

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.