World Investment Advisors LLC Acquires 11,033 Shares of RTX Co. (NYSE:RTX)

World Investment Advisors LLC grew its holdings in RTX Co. (NYSE:RTX) by 37.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,809 shares of the company’s stock after purchasing an additional 11,033 shares during the period. World Investment Advisors LLC’s holdings in RTX were worth $4,944,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RTX. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth about $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter valued at about $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX during the third quarter valued at about $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $116.06 on Friday. 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 52-week low of $79.67 and a 52-week high of $128.70. The company has a fifty day moving average of $121.64 and a 200-day moving average of $115.33. The stock has a market capitalization of $154.48 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and lifted their price target for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Eight research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

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.