Everett Harris & Co. CA Has $12.32 Million Stock Holdings in RTX Co. (NYSE:RTX)

Everett Harris & Co. CA grew its stake in shares of RTX Co. (NYSE:RTX) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,648 shares of the company’s stock after purchasing an additional 3,067 shares during the period. Everett Harris & Co. CA’s holdings in RTX were worth $12,316,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their price objective on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their target price on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased 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. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, October 3rd. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $162.50.

RTX Stock Performance

Shares of RTX stock traded up $0.17 during trading hours on Friday, hitting $125.92. 4,356,338 shares of the company were exchanged, compared to its average volume of 6,796,400. RTX Co. has a 52-week low of $72.48 and a 52-week high of $127.00. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $120.91 and a 200 day simple moving average of $110.38. The stock has a market capitalization of $167.41 billion, a price-to-earnings ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Research analysts predict that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. RTX’s dividend payout ratio is presently 98.82%.

Insider Transactions at RTX

In related news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was 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 in the company, valued at $66,725,966.02. This represents 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 quarter. Corporate insiders own 0.13% of the company’s stock.

About RTX

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.