RTX Co. (NYSE:RTX) Shares Purchased by PFG Investments LLC

PFG Investments LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,993 shares of the company’s stock after acquiring an additional 127 shares during the quarter. PFG Investments LLC’s holdings in RTX were worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RTX. Wealthcare Advisory Partners LLC grew its holdings in RTX by 12.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,997 shares of the company’s stock valued at $1,268,000 after buying an additional 1,388 shares during the last quarter. Kathmere Capital Management LLC lifted its position in shares of RTX by 4.8% in the first quarter. Kathmere Capital Management LLC now owns 3,276 shares of the company’s stock valued at $320,000 after acquiring an additional 149 shares in the last quarter. Norway Savings Bank acquired a new stake in shares of RTX during the first quarter valued at $263,000. Hennion & Walsh Asset Management Inc. increased its position in RTX by 10.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 27,827 shares of the company’s stock worth $2,714,000 after purchasing an additional 2,636 shares in the last quarter. Finally, First Bank & Trust acquired a new position in RTX in the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RTX. Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird boosted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a report on Tuesday, July 30th. Finally, Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Hold” and an average price target of $168.56.

RTX Trading Down 0.0 %

Shares of RTX stock traded down $0.01 during trading hours on Friday, hitting $125.16. The company’s stock had a trading volume of 4,716,205 shares, compared to its average volume of 6,752,277. The business has a fifty day moving average of $121.74 and a 200 day moving average of $111.28. RTX Co. has a 1-year low of $77.76 and a 1-year high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $166.40 billion, a PE ratio of 49.08, a P/E/G ratio of 2.21 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 (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. As a group, equities analysts forecast that RTX Co. will post 5.5 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Insiders Place Their Bets

In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,856 shares of company stock worth $17,131,253 in the last 90 days. 0.13% of the stock is owned by company insiders.

RTX 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.