387,000 Shares in RTX Co. (NYSE:RTX) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in RTX Co. (NYSE:RTX) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 387,000 shares of the company’s stock, valued at approximately $46,889,000.

Other institutional investors have also bought and sold shares of the company. Briaud Financial Planning Inc lifted its stake in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in RTX in the second quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX during the second quarter worth $32,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in RTX in the second quarter valued at $41,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price 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. Eight investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.27.

RTX Stock Performance

NYSE:RTX opened at $120.34 on Thursday. The firm has a market capitalization of $160.17 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The business’s fifty day moving average price is $122.19 and its 200 day moving average price is $114.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12 month low of $79.57 and a 12 month high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX’s dividend payout ratio is presently 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.