Net Worth Advisory Group Makes New Investment in RTX Co. (NYSE:RTX)

Net Worth Advisory Group purchased a new stake in RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,072 shares of the company’s stock, valued at approximately $251,000.

A number of other large investors have also made changes to their positions in the company. Stratos Investment Management LLC raised its position in shares of RTX by 0.8% during the third quarter. Stratos Investment Management LLC now owns 38,947 shares of the company’s stock worth $4,719,000 after purchasing an additional 307 shares during the period. Stratos Wealth Advisors LLC raised its holdings in RTX by 4.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,150 shares of the company’s stock worth $1,836,000 after buying an additional 702 shares during the period. Stratos Wealth Partners LTD. lifted its stake in RTX by 6.9% in the third quarter. Stratos Wealth Partners LTD. now owns 52,162 shares of the company’s stock valued at $6,320,000 after buying an additional 3,378 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of RTX by 11.8% in the third quarter. Aaron Wealth Advisors LLC now owns 8,625 shares of the company’s stock valued at $1,045,000 after buying an additional 909 shares during the period. Finally, Joule Financial LLC increased its position in shares of RTX by 7.2% during the third quarter. Joule Financial LLC now owns 3,159 shares of the company’s stock worth $383,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

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 transaction, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction on Monday, July 29th. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last quarter. 0.13% of the stock is currently owned by insiders.

RTX Stock Performance

Shares of RTX opened at $125.92 on Monday. 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 firm has a 50-day moving average of $120.91 and a 200-day moving average of $110.46. The company has a market cap of $167.50 billion, a PE ratio of 72.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. RTX Co. has a one year low of $72.48 and a one year high of $127.00.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities analysts forecast that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 145.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Melius Research boosted their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price target on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $162.50.

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.