Rheos Capital Works Inc. Purchases 200 Shares of RTX Co. (NYSE:RTX)

Rheos Capital Works Inc. boosted its position in shares of RTX Co. (NYSE:RTX) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 288,000 shares of the company’s stock after purchasing an additional 200 shares during the quarter. RTX comprises 1.8% of Rheos Capital Works Inc.’s holdings, making the stock its 12th biggest position. Rheos Capital Works Inc.’s holdings in RTX were worth $34,894,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RTX. Briaud Financial Planning Inc lifted its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory bought a new position in RTX during the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at approximately $41,000. Finally, Alaska Permanent Fund Corp acquired a new stake in RTX in the first quarter worth $42,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,333 shares of company stock worth $20,861,880. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $126.20 on Thursday. The firm has a market cap of $167.88 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. RTX Co. has a 52 week low of $72.48 and a 52 week high of $126.82. The firm’s fifty day moving average is $120.50 and its 200-day moving average is $110.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly 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 firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. Sell-side analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared 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 of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX’s payout ratio is 145.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RTX shares. Citigroup raised their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Bank of America upgraded shares of 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 report on Wednesday, July 31st. Melius Research raised their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Susquehanna increased their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target 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.