RTX Co. (NYSE:RTX) Shares Bought by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co increased its position in RTX Co. (NYSE:RTX) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,164 shares of the company’s stock after buying an additional 478 shares during the quarter. RTX comprises approximately 1.2% of Harbour Trust & Investment Management Co’s holdings, making the stock its 24th largest position. Harbour Trust & Investment Management Co’s holdings in RTX were worth $10,803,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RTX. Brookstone Capital Management grew its holdings in shares of RTX by 7.0% in the 1st quarter. Brookstone Capital Management now owns 44,718 shares of the company’s stock worth $4,361,000 after acquiring an additional 2,909 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in RTX by 12.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,997 shares of the company’s stock worth $1,268,000 after buying an additional 1,388 shares during the period. Thrive Wealth Management LLC lifted its stake in RTX by 17.4% during the first quarter. Thrive Wealth Management LLC now owns 4,039 shares of the company’s stock valued at $394,000 after buying an additional 599 shares in the last quarter. Hengehold Capital Management LLC acquired a new position in shares of RTX in the first quarter worth about $201,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of RTX in the first quarter worth approximately $5,969,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX opened at $125.18 on Friday. The business’s 50-day simple moving average is $121.59 and its 200-day simple moving average is $111.12. RTX Co. has a 52 week low of $77.76 and a 52 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 firm has a market cap of $166.52 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 2.21 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that RTX Co. will post 5.5 earnings per share for the current fiscal 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. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 72.00%.

Insider Buying and Selling at RTX

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Robert W. Baird raised 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. Melius Research lifted their target price on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Finally, Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $168.56.

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.