Hennion & Walsh Asset Management Inc. Sells 161 Shares of RTX Co. (NYSE:RTX)

Hennion & Walsh Asset Management Inc. reduced its position in RTX Co. (NYSE:RTX) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,709 shares of the company’s stock after selling 161 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in RTX were worth $2,992,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc grew its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of RTX in the second quarter worth $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the second quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter worth about $41,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $125.18 on Friday. The company has a market capitalization of $166.52 billion, a P/E ratio of 35.77, a PEG ratio of 2.21 and a beta of 0.82. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a 50 day moving average price of $121.59 and a two-hundred day moving average price of $111.12.

RTX (NYSE:RTX) last posted its quarterly 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 company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. Analysts expect that RTX Co. will post 5.5 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. RTX’s payout ratio is presently 72.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RTX shares. Royal Bank of Canada boosted their price objective on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Melius Research raised their price objective on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Wells Fargo & Company cut 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 report on Wednesday, July 24th. Finally, Susquehanna increased their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Hold” and an average price target of $168.56.

Insider Buying and Selling at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on 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 sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of RTX 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 directly owns 566,723 shares in the company, valued at $66,725,966.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,856 shares of company stock valued at $17,131,253 in the last 90 days. 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.