RTX Co. (NYSE:RTX) Stock Position Raised by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,403 shares of the company’s stock after purchasing an additional 86 shares during the period. Blackston Financial Advisory Group LLC’s holdings in RTX were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RTX. Brookstone Capital Management boosted its position in RTX by 7.0% during the 1st quarter. Brookstone Capital Management now owns 44,718 shares of the company’s stock worth $4,361,000 after acquiring an additional 2,909 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of RTX by 12.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 12,997 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,388 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in shares of RTX by 17.4% during the first quarter. Thrive Wealth Management LLC now owns 4,039 shares of the company’s stock worth $394,000 after purchasing an additional 599 shares during the period. Hengehold Capital Management LLC purchased a new position in RTX during the first quarter valued at approximately $201,000. Finally, Hennessy Advisors Inc. acquired a new position in RTX in the 1st quarter valued at approximately $5,969,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.3 %

Shares of RTX stock opened at $125.50 on Friday. RTX Co. has a 12 month low of $77.76 and a 12 month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market cap of $166.85 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. The stock has a 50 day moving average of $121.59 and a 200-day moving average of $111.12.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. On average, equities analysts predict that RTX Co. will post 5.5 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price 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. Finally, Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.56.

Insider Activity at RTX

In other news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred 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 sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,856 shares of company stock worth $17,131,253 over the last three months. Company insiders own 0.13% of the company’s stock.

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.