Americana Partners LLC Purchases 4,031 Shares of RTX Corporation $RTX

Americana Partners LLC raised its stake in RTX Corporation (NYSE:RTXFree Report) by 2.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,904 shares of the company’s stock after acquiring an additional 4,031 shares during the period. RTX accounts for about 1.0% of Americana Partners LLC’s holdings, making the stock its 27th biggest holding. Americana Partners LLC’s holdings in RTX were worth $34,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zullo Investment Group Inc. boosted its position in RTX by 1.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after acquiring an additional 56 shares during the last quarter. Arrow Financial Corp raised its position in shares of RTX by 0.8% in the third quarter. Arrow Financial Corp now owns 7,334 shares of the company’s stock valued at $1,227,000 after purchasing an additional 61 shares during the period. Cornerstone Advisory LLC lifted its position in RTX by 0.9% during the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after acquiring an additional 64 shares during the last quarter. TFC Financial Management Inc. lifted its holdings in RTX by 3.8% during the 3rd quarter. TFC Financial Management Inc. now owns 1,754 shares of the company’s stock worth $294,000 after purchasing an additional 64 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its position in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America raised their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group cut RTX from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $202.00 to $199.00 in a report on Monday, January 5th. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $189.00 price target on shares of RTX in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.88.

Check Out Our Latest Research Report on RTX

Insider Buying and Selling

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

More RTX News

Here are the key news stories impacting RTX this week:

RTX Price Performance

Shares of NYSE RTX opened at $202.13 on Tuesday. The company has a market capitalization of $271.01 billion, a PE ratio of 41.51, a PEG ratio of 2.92 and a beta of 0.44. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $180.85 and its 200-day moving average price is $167.49. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $202.17.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. RTX’s payout ratio is presently 55.85%.

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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