RTX Co. (NYSE:RTX) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of RTX Co. (NYSE:RTX) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 246,986 shares of the company’s stock after acquiring an additional 15,756 shares during the period. CIBC Asset Management Inc’s holdings in RTX were worth $29,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Omnia Family Wealth LLC lifted its holdings in shares of RTX by 9.1% in the third quarter. Omnia Family Wealth LLC now owns 2,416 shares of the company’s stock valued at $293,000 after purchasing an additional 201 shares in the last quarter. Lifeworks Advisors LLC purchased a new stake in RTX in the 3rd quarter valued at approximately $358,000. Unionview LLC purchased a new stake in RTX in the 3rd quarter valued at approximately $203,000. Metis Global Partners LLC increased its position in RTX by 2.6% during the third quarter. Metis Global Partners LLC now owns 54,740 shares of the company’s stock worth $6,632,000 after buying an additional 1,378 shares in the last quarter. Finally, Curi RMB Capital LLC raised its holdings in shares of RTX by 2.2% in the third quarter. Curi RMB Capital LLC now owns 100,682 shares of the company’s stock worth $12,199,000 after acquiring an additional 2,155 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.2 %

NYSE RTX opened at $118.53 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 one year low of $78.00 and a one year high of $128.70. The company’s 50 day moving average price is $122.20 and its 200 day moving average price is $113.39. The firm has a market capitalization of $157.76 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.19 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. On average, sell-side analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

Analyst Ratings Changes

A number of research firms recently commented on RTX. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company decreased their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus price target 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.