Wealth Alliance Advisory Group LLC Sells 188 Shares of RTX Co. (NYSE:RTX)

Wealth Alliance Advisory Group LLC decreased its stake in RTX Co. (NYSE:RTX) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,441 shares of the company’s stock after selling 188 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in RTX were worth $1,750,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Alaska Permanent Fund Corp bought a new stake in RTX in the 1st quarter valued at about $42,000. &PARTNERS raised its position in shares of RTX by 64.7% in the first quarter. &PARTNERS now owns 5,991 shares of the company’s stock valued at $584,000 after purchasing an additional 2,353 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of RTX during the 1st quarter valued at approximately $169,000. Global Assets Advisory LLC bought a new position in RTX in the 1st quarter worth approximately $7,523,000. Finally, Harbor Investment Advisory LLC grew its stake in RTX by 9.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 13,994 shares of the company’s stock valued at $1,365,000 after buying an additional 1,210 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction 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 directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock valued at $20,861,880 in the last ninety days. Company insiders own 0.13% of the company’s stock.

RTX Stock Up 0.1 %

Shares of NYSE RTX opened at $125.92 on Friday. The stock has a market capitalization of $167.41 billion, a P/E ratio of 49.38, a PEG ratio of 2.21 and a beta of 0.82. RTX Co. has a one year low of $72.48 and a one year high of $127.00. The firm’s 50 day simple moving average is $120.91 and its two-hundred day simple moving average is $110.46. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company 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%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. As a group, analysts expect that RTX Co. will post 5.45 EPS for the current fiscal year.

RTX Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RTX. Melius Research lifted their price target on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Wells Fargo & Company lowered their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada boosted their price target 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $162.50.

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.