Gilman Hill Asset Management LLC Acquires New Holdings in RTX Co. (NYSE:RTX)

Gilman Hill Asset Management LLC bought a new position in RTX Co. (NYSE:RTX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,671 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of RTX. Elgethun Capital Management boosted its stake in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after buying an additional 85 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in shares of RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after purchasing an additional 89 shares in the last quarter. Lazari Capital Management Inc. grew its holdings in shares of RTX by 1.6% during the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock worth $603,000 after purchasing an additional 95 shares in the last quarter. Fermata Advisors LLC raised its stake in RTX by 4.3% in the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock valued at $280,000 after purchasing an additional 96 shares in the last quarter. Finally, Motco lifted its position in RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after purchasing an additional 99 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. This 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 can be accessed through this link. Also, CEO Christopher T. Calio sold 4,235 shares of RTX 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 transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 over the last three months. Company insiders own 0.13% of the company’s stock.

RTX Stock Up 0.8 %

Shares of NYSE:RTX opened at $123.93 on Monday. The stock’s 50-day moving average is $119.86 and its 200 day moving average is $109.58. The company has a market cap of $164.77 billion, a PE ratio of 48.60, a P/E/G ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $72.29 and a 1 year high of $125.93.

RTX (NYSE:RTX) last announced its 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. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Sell-side analysts anticipate that RTX Co. will post 5.46 EPS for the current year.

RTX Dividend Announcement

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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is currently 98.82%.

Analysts Set New Price Targets

RTX has been the topic of several research reports. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and raised their price target for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Susquehanna raised their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company cut their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RTX currently has an average rating of “Hold” and a consensus target price of $162.50.

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.