Lockheed Martin Investment Management Co. Boosts Stake in RTX Co. (NYSE:RTX)

Lockheed Martin Investment Management Co. boosted its position in shares of RTX Co. (NYSE:RTX) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,820 shares of the company’s stock after buying an additional 8,690 shares during the period. Lockheed Martin Investment Management Co.’s holdings in RTX were worth $10,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank raised its stake in RTX by 7.0% during the 3rd quarter. Czech National Bank now owns 270,983 shares of the company’s stock valued at $32,832,000 after acquiring an additional 17,645 shares during the last quarter. Miracle Mile Advisors LLC raised its position in RTX by 4.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 19,844 shares of the company’s stock worth $2,404,000 after buying an additional 900 shares during the last quarter. Greenfield Savings Bank lifted its stake in shares of RTX by 3.6% in the 3rd quarter. Greenfield Savings Bank now owns 10,853 shares of the company’s stock worth $1,315,000 after acquiring an additional 374 shares during the period. Bath Savings Trust Co boosted its holdings in shares of RTX by 0.8% in the third quarter. Bath Savings Trust Co now owns 20,062 shares of the company’s stock valued at $2,431,000 after acquiring an additional 169 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in RTX by 73.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,313 shares of the company’s stock worth $280,000 after purchasing an additional 976 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RTX. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Price Performance

RTX opened at $128.42 on Wednesday. The company has a 50 day moving average of $119.52 and a two-hundred day moving average of $119.77. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $170.93 billion, a P/E ratio of 36.18, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts expect that RTX Co. will post 6.12 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. RTX’s dividend payout ratio (DPR) is 70.99%.

About RTX

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.