Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in RTX Co. (NYSE:RTX)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in RTX Co. (NYSE:RTX) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,272 shares of the company’s stock after acquiring an additional 16,361 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in RTX were worth $35,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. iA Global Asset Management Inc. lifted its position in RTX by 3.9% during the first quarter. iA Global Asset Management Inc. now owns 10,997 shares of the company’s stock valued at $1,073,000 after buying an additional 414 shares during the period. Cetera Investment Advisers grew its holdings in RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock worth $35,646,000 after purchasing an additional 232,103 shares during the period. Cetera Advisors LLC lifted its holdings in shares of RTX by 102.9% during the first quarter. Cetera Advisors LLC now owns 136,140 shares of the company’s stock valued at $13,278,000 after purchasing an additional 69,035 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in shares of RTX by 2.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 170,775 shares of the company’s stock worth $16,656,000 after purchasing an additional 3,641 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its stake in shares of RTX by 1.5% in the 1st quarter. Soltis Investment Advisors LLC now owns 13,413 shares of the company’s stock worth $1,308,000 after buying an additional 197 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.2 %

Shares of RTX opened at $120.34 on Friday. RTX Co. has a 12-month low of $79.57 and a 12-month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $160.17 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.13 and a beta of 0.82. The business’s 50 day moving average is $122.24 and its 200 day moving average is $114.40.

RTX (NYSE:RTX) last released its quarterly earnings data 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. 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 company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. Research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.09%. RTX’s dividend payout ratio is currently 72.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Susquehanna boosted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup increased 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. Finally, Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Company 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.