RTX Co. (NYSE:RTX) Shares Acquired by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,219 shares of the company’s stock after purchasing an additional 93 shares during the period. Kavar Capital Partners Group LLC’s holdings in RTX were worth $269,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in RTX by 10.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 27,827 shares of the company’s stock worth $2,714,000 after acquiring an additional 2,636 shares in the last quarter. Vicus Capital grew its holdings in RTX by 153.7% during the 1st quarter. Vicus Capital now owns 6,307 shares of the company’s stock worth $615,000 after acquiring an additional 3,821 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in RTX during the 1st quarter worth $246,000. SteelPeak Wealth LLC grew its holdings in RTX by 8.5% during the 1st quarter. SteelPeak Wealth LLC now owns 5,103 shares of the company’s stock worth $498,000 after acquiring an additional 400 shares in the last quarter. Finally, Chapin Davis Inc. grew its holdings in RTX by 4.3% during the 1st quarter. Chapin Davis Inc. now owns 15,866 shares of the company’s stock worth $1,547,000 after acquiring an additional 660 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus target price of $168.56.

RTX Price Performance

Shares of NYSE RTX opened at $125.16 on Friday. The stock has a market cap of $166.40 billion, a P/E ratio of 49.08, a P/E/G ratio of 2.21 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $121.74 and its 200 day simple moving average is $111.35. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the firm posted $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that RTX Co. will post 5.5 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 98.82%.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,856 shares of company stock worth $17,131,253 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

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.