RTX Co. (NYSE:RTX) Shares Sold by Welch Group LLC

Welch Group LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 543,575 shares of the company’s stock after selling 1,672 shares during the period. RTX makes up about 2.9% of Welch Group LLC’s holdings, making the stock its 11th biggest position. Welch Group LLC’s holdings in RTX were worth $65,860,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RTX. Briaud Financial Planning Inc raised its stake in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX in the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the second quarter worth about $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the 2nd quarter worth approximately $41,000. Finally, Stephens Consulting LLC boosted its stake in shares of RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Susquehanna raised their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Wells Fargo & Company lowered 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 note on Wednesday, July 24th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $175.27.

RTX Stock Down 0.2 %

NYSE RTX traded down $0.23 during trading on Monday, reaching $124.93. 321,916 shares of the company’s stock were exchanged, compared to its average volume of 6,721,392. The company’s fifty day simple moving average is $121.74 and its 200-day simple moving average is $111.42. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70. The firm has a market capitalization of $166.28 billion, a PE ratio of 35.76, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. Sell-side analysts predict that RTX Co. will post 5.57 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.02%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Insider Buying and Selling at RTX

In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction dated 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 of the company’s stock, valued at $66,725,966.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.