RTX Co. (NYSE:RTX) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its position in shares of RTX Co. (NYSE:RTX) by 6.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 29,400 shares of the company’s stock after buying an additional 1,831 shares during the quarter. Mediolanum International Funds Ltd’s holdings in RTX were worth $3,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory bought a new position in RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the second quarter worth about $32,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the second quarter valued at approximately $41,000. Finally, Stephens Consulting LLC raised its position in shares of RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.0 %

NYSE RTX opened at $125.16 on Friday. The stock has a market capitalization of $166.40 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. RTX Co. has a 52 week low of $77.76 and a 52 week high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a fifty day moving average of $121.74 and a 200-day moving average of $111.35.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. On average, equities research analysts forecast that RTX Co. will post 5.5 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. RTX’s payout ratio is currently 98.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RTX shares. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Morgan Stanley boosted 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. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average price target of $168.56.

Insider Activity

In related news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,856 shares of company stock valued at $17,131,253 in the last ninety days. 0.13% of the stock is owned by insiders.

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.