Ballew Advisors Inc Makes New Investment in RTX Co. (NYSE:RTX)

Ballew Advisors Inc acquired a new stake in RTX Co. (NYSE:RTX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,776 shares of the company’s stock, valued at approximately $220,000.

Several other large investors have also made changes to their positions in RTX. Briaud Financial Planning Inc raised its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new position in RTX in the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX in the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new stake in shares of RTX during the second quarter worth $41,000. Finally, Alaska Permanent Fund Corp acquired a new position in RTX during the first quarter worth about $42,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $162.50.

Insider Buying and Selling at RTX

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 shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock worth $20,861,880 over the last three months. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.8 %

Shares of RTX opened at $123.93 on Friday. The stock has a market capitalization of $164.86 billion, a PE ratio of 71.64, a P/E/G ratio of 2.18 and a beta of 0.82. RTX Co. has a 1 year low of $72.29 and a 1 year high of $125.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company’s 50-day simple moving average is $119.86 and its 200-day simple moving average is $109.49.

RTX (NYSE:RTX) last announced 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. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter last year, the business posted $1.29 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that RTX Co. will post 5.46 earnings per share for the current fiscal year.

RTX Announces Dividend

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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 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.