Vanguard Personalized Indexing Management LLC Grows Position in RTX Corporation $RTX

Vanguard Personalized Indexing Management LLC grew its holdings in RTX Corporation (NYSE:RTX) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,518 shares of the company’s stock after buying an additional 3,897 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in RTX were worth $33,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Vanguard Group Inc. raised its holdings in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after acquiring an additional 2,238,247 shares during the last quarter. State Street Corp boosted its stake in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after buying an additional 552,009 shares during the last quarter. Fisher Asset Management LLC boosted its stake in RTX by 4.2% during the second quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock worth $3,007,894,000 after buying an additional 837,268 shares during the last quarter. Norges Bank purchased a new stake in RTX in the 2nd quarter valued at $2,359,602,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after acquiring an additional 1,361,071 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.2%

NYSE:RTX opened at $195.91 on Monday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $203.03. The stock’s fifty day moving average is $182.44 and its two-hundred day moving average is $168.92. The stock has a market capitalization of $262.67 billion, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 2.87 and a beta of 0.44. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of RTX in a report on Thursday, January 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. UBS Group downgraded shares of RTX from a “buy” rating to a “neutral” rating and cut their price target for the stock from $202.00 to $199.00 in a report on Monday, January 5th. Bank of America lifted their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.