McGuire Investment Group LLC Buys 872 Shares of RTX Co. (NYSE:RTX)

McGuire Investment Group LLC grew its position in shares of RTX Co. (NYSE:RTX) by 2.7% in the 3rd quarter, Holdings Channel reports. The firm owned 33,082 shares of the company’s stock after acquiring an additional 872 shares during the quarter. McGuire Investment Group LLC’s holdings in RTX were worth $4,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Briaud Financial Planning Inc lifted its holdings in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory bought a new position in shares of RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX during the 2nd quarter valued at about $41,000. Finally, Alaska Permanent Fund Corp acquired a new stake in RTX during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the 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 through this link. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. The Goldman Sachs Group increased their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and upped their price objective for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Robert W. Baird boosted their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $162.50.

RTX Stock Up 0.8 %

RTX stock traded up $0.99 during trading on Friday, reaching $123.93. The stock had a trading volume of 2,556,167 shares, compared to its average volume of 5,653,164. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $164.86 billion, a price-to-earnings ratio of 71.64, a P/E/G ratio of 2.18 and a beta of 0.82. RTX Co. has a one year low of $72.29 and a one year high of $125.93. The company’s 50 day moving average is $119.86 and its two-hundred day moving average is $109.49.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period last year, the business posted $1.29 earnings per share. RTX’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that RTX Co. will post 5.46 EPS for the current year.

RTX Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.03%. RTX’s payout ratio is currently 145.67%.

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.