High Note Wealth LLC Raises Stock Position in RTX Co. (NYSE:RTX)

High Note Wealth LLC grew its holdings in RTX Co. (NYSE:RTX) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,661 shares of the company’s stock after purchasing an additional 854 shares during the quarter. High Note Wealth LLC’s holdings in RTX were worth $2,988,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC boosted its stake in shares of RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares during the period. Manning & Napier Advisors LLC acquired a new stake in RTX in the second quarter valued at approximately $30,837,000. Capital Advisors Ltd. LLC lifted its stake in RTX by 7.3% in the first quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock worth $239,000 after acquiring an additional 166 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in RTX by 126.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after acquiring an additional 98,248 shares in the last quarter. Finally, CWM LLC increased its position in shares of RTX by 7.2% in the 1st quarter. CWM LLC now owns 126,970 shares of the company’s stock valued at $12,383,000 after purchasing an additional 8,493 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.3 %

RTX stock opened at $123.92 on Thursday. The stock has a 50 day moving average of $119.58 and a two-hundred day moving average of $109.11. RTX Co. has a twelve month low of $72.29 and a twelve month high of $125.93. The stock has a market capitalization of $164.75 billion, a price-to-earnings ratio of 48.60, a PEG ratio of 2.20 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share 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 net margin of 3.12% and a return on equity of 11.37%. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. As a group, research analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.03%. RTX’s dividend payout ratio is presently 98.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on RTX shares. Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and boosted their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Melius Research increased their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada increased their target price on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.13.

Insiders Place Their Bets

In related news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on 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 sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shane G. Eddy sold 6,741 shares of RTX 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on 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 sale, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. 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.

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.