Patrick M Sweeney & Associates Inc. Raises Stock Holdings in RTX Co. (NYSE:RTX)

Patrick M Sweeney & Associates Inc. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,672 shares of the company’s stock after buying an additional 230 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in RTX were worth $930,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management increased its stake in shares of RTX by 7.0% in the 1st quarter. Brookstone Capital Management now owns 44,718 shares of the company’s stock valued at $4,361,000 after purchasing an additional 2,909 shares in the last quarter. GoalVest Advisory LLC grew its stake in RTX by 374.6% in the 1st quarter. GoalVest Advisory LLC now owns 579 shares of the company’s stock valued at $56,000 after acquiring an additional 457 shares during the period. Revolve Wealth Partners LLC purchased a new stake in RTX in the 1st quarter worth $244,000. Wealthcare Advisory Partners LLC raised its position in RTX by 12.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 12,997 shares of the company’s stock worth $1,268,000 after acquiring an additional 1,388 shares during the period. Finally, Client First Capital LLC acquired a new stake in shares of RTX in the first quarter valued at about $210,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred 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 owns 88,509 shares in the company, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. UBS Group upped their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and boosted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Hold” and an average target price of $168.56.

RTX Stock Performance

NYSE RTX opened at $127.21 on Thursday. The stock has a fifty day simple moving average of $121.46 and a 200-day simple moving average of $111.02. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market cap of $169.22 billion, a PE ratio of 36.35, a P/E/G ratio of 2.21 and a beta of 0.82. RTX Co. has a twelve month low of $76.96 and a twelve month high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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%. During the same quarter last year, the firm posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that RTX Co. will post 5.5 earnings per share for the current year.

RTX Announces Dividend

The company 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

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.