RTX Co. (NYSE:RTX) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lowered its stake in RTX Co. (NYSE:RTX) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 76,787 shares of the company’s stock after selling 1,150 shares during the quarter. RTX accounts for about 2.2% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Benedict Financial Advisors Inc.’s holdings in RTX were worth $9,304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. Briaud Financial Planning Inc raised its stake in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX in the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX in the second quarter worth about $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter worth about $41,000. Finally, ORG Wealth Partners LLC purchased a new stake in RTX during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RTX. The Goldman Sachs Group boosted their target price on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research note on Tuesday, July 30th. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus target price of $168.56.

RTX Trading Down 0.0 %

Shares of NYSE RTX traded down $0.01 during trading on Friday, reaching $125.16. The stock had a trading volume of 4,716,205 shares, compared to its average volume of 6,752,277. The business’s 50-day moving average price is $121.74 and its 200-day moving average price is $111.28. 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 quick ratio of 0.73 and a current ratio of 0.99. The company has a market cap 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 (EPS) 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 analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.5 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity

In other news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction dated 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 in the company, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Christopher T. Calio sold 4,235 shares of RTX 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 completion of the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of the 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 completion of the transaction, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. 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 have sold 145,856 shares of company stock worth $17,131,253. Corporate insiders own 0.13% of the company’s stock.

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.