RTX Co. (NYSE:RTX) Position Increased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lifted its holdings in shares of RTX Co. (NYSE:RTX) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,209 shares of the company’s stock after purchasing an additional 764 shares during the quarter. Silver Oak Securities Incorporated’s holdings in RTX were worth $1,470,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its position in RTX by 12.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 12,997 shares of the company’s stock worth $1,268,000 after acquiring an additional 1,388 shares during the period. Kathmere Capital Management LLC lifted its holdings in RTX by 4.8% during the 1st quarter. Kathmere Capital Management LLC now owns 3,276 shares of the company’s stock valued at $320,000 after purchasing an additional 149 shares during the last quarter. Norway Savings Bank bought a new stake in RTX during the 1st quarter worth approximately $263,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of RTX by 10.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 27,827 shares of the company’s stock valued at $2,714,000 after buying an additional 2,636 shares in the last quarter. Finally, First Bank & Trust bought a new stake in shares of RTX during the first quarter valued at approximately $205,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 0.0 %

RTX opened at $125.16 on Friday. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company’s 50-day moving average is $121.74 and its 200 day moving average is $111.28. The firm has a market capitalization of $166.40 billion, a P/E ratio of 49.08, a PEG ratio of 2.21 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. Research analysts expect that RTX Co. will post 5.5 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity

In related news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other RTX news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were 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 in the company, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,856 shares of company stock worth $17,131,253. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on RTX shares. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and lifted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Melius Research raised their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday. Susquehanna lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $168.56.

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.