International Private Wealth Advisors LLC Acquires 3,007 Shares of RTX Corporation $RTX

International Private Wealth Advisors LLC grew its stake in RTX Corporation (NYSE:RTX) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,402 shares of the company’s stock after purchasing an additional 3,007 shares during the quarter. International Private Wealth Advisors LLC’s holdings in RTX were worth $2,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. Pine Valley Investments Ltd Liability Co lifted its holdings in RTX by 63.2% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock valued at $6,535,000 after purchasing an additional 13,118 shares in the last quarter. Rokos Capital Management LLP grew its holdings in shares of RTX by 804.3% during the first quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock worth $107,265,000 after buying an additional 494,652 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of RTX in the second quarter valued at about $1,267,256,000. Eastern Bank lifted its stake in shares of RTX by 112.0% in the third quarter. Eastern Bank now owns 177,392 shares of the company’s stock worth $32,933,000 after buying an additional 93,725 shares in the last quarter. Finally, Corient Private Wealth LP lifted its stake in shares of RTX by 2,669.1% in the second quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock worth $265,604,000 after buying an additional 1,349,350 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 9,071 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. This represents a 34.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

RTX Trading Up 0.5%

NYSE RTX opened at $201.37 on Thursday. The firm’s fifty day moving average price is $192.93 and its 200 day moving average price is $195.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 12 month low of $166.74 and a 12 month high of $226.88. The company has a market capitalization of $271.74 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. On average, sell-side analysts expect that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s dividend payout ratio (DPR) is presently 47.40%.

Analysts Set New Price Targets

Several brokerages recently issued reports on RTX. Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the company a “buy” rating in a research note on Sunday, July 26th. Sanford C. Bernstein decreased their price target on RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada dropped their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Finally, Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $231.24.

Trending Headlines about RTX

Here are a few of the latest headlines about RTX:

• Positive Sentiment: Analyst upgrade: Zacks Research raised RTX from “hold” to “strong buy.” Separate commentary points to rising earnings estimates and growth prospects in defense technology and aerospace services. Zacks analysis
• Positive Sentiment: Defense demand: RTX’s Raytheon completed a third flight test of a U.S. Army training rocket. Separately, an RTX plan could raise Tomahawk and AMRAAM missile production substantially by 2030, pointing to potential program growth. Rocket flight test report Missile production report
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.