Nisa Investment Advisors LLC Sells 6,585 Shares of RTX Co. (NYSE:RTX)

Nisa Investment Advisors LLC trimmed its position in RTX Co. (NYSE:RTX) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,331 shares of the company’s stock after selling 6,585 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RTX were worth $47,535,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc grew its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new position in RTX during the second quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth about $32,000. Fairfield Financial Advisors LTD purchased a new stake in shares of RTX in the 2nd quarter valued at about $41,000. Finally, Stephens Consulting LLC boosted its position in shares of RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after acquiring an additional 114 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $125.47 on Tuesday. RTX Co. has a 1 year low of $77.76 and a 1 year high of $128.70. The stock has a market capitalization of $167.00 billion, a P/E ratio of 35.85, a P/E/G ratio of 2.17 and a beta of 0.82. The company’s 50-day moving average is $121.88 and its 200 day moving average is $111.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that RTX Co. will post 5.57 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 2.01%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and increased their price objective for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Finally, Susquehanna boosted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RTX currently has a consensus rating of “Hold” and a consensus target price of $175.27.

Insider Buying and Selling

In related news, Chairman Gregory Hayes sold 134,887 shares of the firm’s 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 completion of the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

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.