Stratos Wealth Partners LTD. Purchases 3,378 Shares of RTX Co. (NYSE:RTX)

Stratos Wealth Partners LTD. boosted its position in shares of RTX Co. (NYSE:RTX) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,162 shares of the company’s stock after purchasing an additional 3,378 shares during the period. Stratos Wealth Partners LTD.’s holdings in RTX were worth $6,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Elgethun Capital Management lifted its stake in shares of RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after acquiring an additional 85 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its stake in shares of RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares during the period. Lazari Capital Management Inc. grew its holdings in shares of RTX by 1.6% in the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock worth $603,000 after purchasing an additional 95 shares during the last quarter. Fermata Advisors LLC increased its stake in RTX by 4.3% in the 3rd quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock worth $280,000 after buying an additional 96 shares during the period. Finally, Motco increased its stake in RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after buying an additional 99 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on RTX shares. Wells Fargo & Company reduced their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their target price on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Robert W. Baird raised their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Susquehanna upped their price objective on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average target price of $162.50.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 6,741 shares of the business’s 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 document filed with the SEC, which can be accessed through the SEC website. In other news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated 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 of the company’s stock, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $125.92 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm has a market cap of $167.41 billion, a PE ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82. RTX Co. has a 12 month low of $72.48 and a 12 month high of $127.00. The stock has a fifty day moving average price of $120.91 and a 200-day moving average price of $110.46.

RTX (NYSE:RTX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given 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%.

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.