U.S. Capital Wealth Advisors LLC Reduces Stock Position in RTX Co. (NYSE:RTX)

U.S. Capital Wealth Advisors LLC trimmed its stake in shares of RTX Co. (NYSE:RTX) by 2.5% during the third quarter, HoldingsChannel.com reports. The firm owned 188,455 shares of the company’s stock after selling 4,884 shares during the quarter. RTX makes up 0.8% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 17th largest position. U.S. Capital Wealth Advisors LLC’s holdings in RTX were worth $22,833,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc grew its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the second quarter worth about $41,000. Finally, Stephens Consulting LLC increased its position in shares of RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. Royal Bank of Canada lifted their price objective on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Wells Fargo & Company dropped their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.88.

Insider Buying and Selling

In other news, 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 transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction 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 sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction 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 transaction, the chairman now 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 disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock valued at $20,861,880 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 0.7 %

NYSE:RTX traded up $0.88 during mid-day trading on Wednesday, reaching $126.41. 1,193,723 shares of the company’s stock traded hands, compared to its average volume of 6,754,058. RTX Co. has a 12-month low of $76.96 and a 12-month high of $128.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company has a 50 day moving average price of $121.27 and a 200-day moving average price of $110.91. The firm has a market capitalization of $168.06 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 2.24 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, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. On average, sell-side analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 1.99%. RTX’s payout ratio is 98.82%.

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.