Signaturefd LLC Buys 380 Shares of RTX Co. (NYSE:RTX)

Signaturefd LLC grew its position in shares of RTX Co. (NYSE:RTX) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,715 shares of the company’s stock after purchasing an additional 380 shares during the period. Signaturefd LLC’s holdings in RTX were worth $3,284,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Briaud Financial Planning Inc raised its stake in RTX by 64.1% during the second 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 stake in shares of RTX during the 2nd quarter valued at about $26,000. Fairman Group LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $38,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of RTX by 42.2% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 139 shares during the last quarter. Finally, USA Financial Formulas grew its position in RTX by 510.3% in the fourth quarter. USA Financial Formulas now owns 476 shares of the company’s stock worth $40,000 after acquiring an additional 398 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’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 directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RTX shares. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Melius Research raised their price target on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Bank of America upgraded 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. Susquehanna raised their target price on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group upped their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Hold” and an average target price of $153.47.

RTX Stock Up 0.9 %

NYSE RTX traded up $1.07 on Friday, hitting $123.36. The stock had a trading volume of 6,370,957 shares, compared to its average volume of 7,146,997. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. The business’s fifty day moving average price is $110.19 and its 200 day moving average price is $103.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market cap of $164.01 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities research analysts anticipate that RTX Co. will post 5.45 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is 98.82%.

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.