3,319 Shares in RTX Co. (NYSE:RTX) Bought by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,319 shares of the company’s stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. Silver Oak Securities Incorporated lifted its stake in RTX by 6.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 12,209 shares of the company’s stock valued at $1,470,000 after buying an additional 764 shares in the last quarter. Element Wealth LLC raised its holdings in shares of RTX by 6.8% during the third quarter. Element Wealth LLC now owns 3,823 shares of the company’s stock valued at $463,000 after acquiring an additional 243 shares during the last quarter. West Michigan Advisors LLC purchased a new position in shares of RTX in the third quarter valued at approximately $211,000. Harbour Trust & Investment Management Co boosted its stake in shares of RTX by 0.5% in the third quarter. Harbour Trust & Investment Management Co now owns 89,164 shares of the company’s stock worth $10,803,000 after acquiring an additional 478 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. increased its position in shares of RTX by 4.3% during the third quarter. Schmidt P J Investment Management Inc. now owns 2,266 shares of the company’s stock worth $275,000 after purchasing an additional 94 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $168.56.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the 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 directly owns 88,509 shares in the company, valued at $10,090,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,856 shares of company stock worth $17,131,253. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $125.18 on Friday. The stock has a market capitalization of $166.52 billion, a P/E ratio of 35.77, a PEG ratio of 2.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70. The company has a 50 day moving average price of $121.59 and a 200 day moving average price of $111.12.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

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.