RTX Co. (NYSE:RTX) Stock Holdings Decreased by LVW Advisors LLC

LVW Advisors LLC reduced its position in RTX Co. (NYSE:RTX) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,878 shares of the company’s stock after selling 158 shares during the period. LVW Advisors LLC’s holdings in RTX were worth $1,318,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Strong Tower Advisory Services grew its position in RTX by 7.2% during the third quarter. Strong Tower Advisory Services now owns 19,519 shares of the company’s stock valued at $2,365,000 after purchasing an additional 1,314 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in RTX by 1.6% during the third quarter. Franklin Street Advisors Inc. NC now owns 181,201 shares of the company’s stock valued at $21,954,000 after purchasing an additional 2,806 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in RTX by 4.1% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 191,447 shares of the company’s stock valued at $23,196,000 after purchasing an additional 7,554 shares in the last quarter. Cadinha & Co. LLC purchased a new position in RTX during the third quarter valued at approximately $317,000. Finally, Cypress Wealth Services LLC purchased a new position in RTX during the third quarter valued at approximately $393,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX stock traded up $0.40 on Friday, reaching $123.34. 390,380 shares of the company were exchanged, compared to its average volume of 6,859,449. RTX Co. has a 12 month low of $72.29 and a 12 month high of $125.93. The stock’s fifty day moving average price is $119.71 and its 200 day moving average price is $109.20. The firm has a market capitalization of $164.07 billion, a PE ratio of 71.06, a PEG ratio of 2.20 and a beta of 0.82. 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 announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. RTX’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that RTX Co. will post 5.46 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 145.67%.

Insider Buying and Selling at RTX

In other RTX 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 value of $766,867.92. Following the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock valued at $20,861,880 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RTX. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Melius Research lifted their target price on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of “Hold” and an average target price of $162.50.

About RTX

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.