Global Retirement Partners LLC Has $2.50 Million Position in RTX Co. (NYSE:RTX)

Global Retirement Partners LLC grew its holdings in RTX Co. (NYSE:RTX) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,592 shares of the company’s stock after buying an additional 161 shares during the quarter. Global Retirement Partners LLC’s holdings in RTX were worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Elgethun Capital Management lifted its holdings in RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after buying an additional 85 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its stake in shares of RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after acquiring an additional 89 shares during the period. Lazari Capital Management Inc. boosted its holdings in RTX by 1.6% in the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock valued at $603,000 after acquiring an additional 95 shares during the last quarter. Fermata Advisors LLC increased its position in RTX by 4.3% in the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock worth $280,000 after purchasing an additional 96 shares during the period. Finally, Motco raised its holdings in RTX by 7.2% during the 1st quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was 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 owns 12,318 shares in the company, valued at $1,402,773.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several analyst reports. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Robert W. Baird upped their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised their target price on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $162.50.

RTX Stock Performance

RTX opened at $125.92 on Friday. The company has a market capitalization of $167.41 billion, a price-to-earnings ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82. The business’s 50-day moving average price is $120.91 and its two-hundred day moving average price is $110.38. RTX Co. has a 1 year low of $72.48 and a 1 year high of $127.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. Equities analysts expect that RTX Co. will post 5.45 EPS for the current fiscal 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 given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is currently 98.82%.

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.