Vanguard Personalized Indexing Management LLC Raises Stock Holdings in RTX Corporation $RTX

Vanguard Personalized Indexing Management LLC boosted its position in shares of RTX Corporation (NYSE:RTX) by 2.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 202,518 shares of the company’s stock after acquiring an additional 3,897 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in RTX were worth $33,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth about $29,000. Access Investment Management LLC acquired a new position in RTX during the second quarter valued at $31,000. SOA Wealth Advisors LLC. boosted its holdings in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Clayton Financial Group LLC purchased a new position in shares of RTX during the 3rd quarter valued at about $36,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in shares of RTX by 194.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 0.2%

RTX opened at $195.91 on Monday. The company has a market cap of $262.67 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 2.87 and a beta of 0.44. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $203.03. The company has a 50-day moving average price of $182.44 and a 200 day moving average price of $168.92. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RTX shares. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday, October 22nd. UBS Group lowered shares of RTX from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $202.00 to $199.00 in a research note on Monday, January 5th. Citigroup raised their target price on RTX from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of RTX in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $186.88.

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.