RTX Co. (NYSE:RTX) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its stake in shares of RTX Co. (NYSE:RTX) by 6.9% in the 3rd quarter, Holdings Channel reports. The fund owned 52,162 shares of the company’s stock after buying an additional 3,378 shares during the period. Stratos Wealth Partners LTD.’s holdings in RTX were worth $6,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Aaron Wealth Advisors LLC lifted its stake in shares of RTX by 11.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 8,625 shares of the company’s stock valued at $1,045,000 after purchasing an additional 909 shares during the period. Joule Financial LLC increased its holdings in RTX by 7.2% in the third quarter. Joule Financial LLC now owns 3,159 shares of the company’s stock valued at $383,000 after buying an additional 213 shares in the last quarter. Stonegate Investment Group LLC raised its position in shares of RTX by 0.3% in the third quarter. Stonegate Investment Group LLC now owns 31,822 shares of the company’s stock worth $3,856,000 after acquiring an additional 102 shares during the period. M3 Advisory Group LLC boosted its stake in shares of RTX by 13.1% during the 3rd quarter. M3 Advisory Group LLC now owns 2,436 shares of the company’s stock worth $295,000 after acquiring an additional 283 shares in the last quarter. Finally, BCS Wealth Management increased its stake in shares of RTX by 3.9% in the 3rd quarter. BCS Wealth Management now owns 4,635 shares of the company’s stock valued at $562,000 after purchasing an additional 174 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at $10,090,026. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Amy L. Johnson sold 6,734 shares of RTX 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 of the company’s stock, valued at approximately $1,402,773.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RTX shares. Royal Bank of Canada increased their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Citigroup lifted their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $162.50.

RTX Price Performance

RTX stock opened at $125.92 on Friday. The business’s fifty day moving average price is $120.91 and its 200 day moving average price is $110.46. RTX Co. has a 12-month low of $72.48 and a 12-month high of $127.00. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $167.41 billion, a PE ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, sell-side analysts anticipate that RTX Co. will post 5.45 EPS for the current 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 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 2.00%. RTX’s dividend payout ratio (DPR) is 98.82%.

RTX 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.