Courier Capital LLC Purchases Shares of 59,777 RTX Co. (NYSE:RTX)

Courier Capital LLC purchased a new stake in shares of RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 59,777 shares of the company’s stock, valued at approximately $7,243,000.

Other institutional investors have also added to or reduced their stakes in the company. TFG Advisers LLC lifted its stake in shares of RTX by 3.7% in the 3rd quarter. TFG Advisers LLC now owns 4,392 shares of the company’s stock valued at $532,000 after purchasing an additional 157 shares during the last quarter. Greenleaf Trust lifted its stake in shares of RTX by 1.0% in the 3rd quarter. Greenleaf Trust now owns 82,486 shares of the company’s stock valued at $9,994,000 after purchasing an additional 791 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of RTX in the 3rd quarter valued at approximately $240,000. Marietta Wealth Management LLC lifted its stake in shares of RTX by 2.6% in the 3rd quarter. Marietta Wealth Management LLC now owns 67,239 shares of the company’s stock valued at $8,147,000 after purchasing an additional 1,679 shares during the last quarter. Finally, Liberty Capital Management Inc. lifted its stake in shares of RTX by 0.3% in the 3rd quarter. Liberty Capital Management Inc. now owns 34,120 shares of the company’s stock valued at $4,134,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the transaction, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 0.9 %

NYSE RTX traded up $1.12 on Wednesday, reaching $126.65. 1,316,419 shares of the stock traded hands, compared to its average volume of 6,754,657. RTX Co. has a 12 month low of $76.96 and a 12 month high of $128.70. The company has a fifty day moving average price of $121.27 and a 200-day moving average price of $110.91. The company has a market cap of $168.38 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $1.25 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that RTX Co. will post 5.45 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.99%. RTX’s dividend payout ratio is presently 98.82%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RTX shares. Royal Bank of Canada raised their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group raised their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $167.63.

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.