Romano Brothers AND Company Raises Stock Position in RTX Co. (NYSE:RTX)

Romano Brothers AND Company lifted its position in shares of RTX Co. (NYSE:RTX) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 64,135 shares of the company’s stock after buying an additional 1,660 shares during the period. RTX makes up 1.0% of Romano Brothers AND Company’s holdings, making the stock its 22nd largest holding. Romano Brothers AND Company’s holdings in RTX were worth $7,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Patrick M Sweeney & Associates Inc. grew its holdings in RTX by 3.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 7,672 shares of the company’s stock valued at $930,000 after purchasing an additional 230 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after buying an additional 1,686,007 shares in the last quarter. McAdam LLC grew its stake in RTX by 24.5% in the 3rd quarter. McAdam LLC now owns 4,511 shares of the company’s stock valued at $547,000 after acquiring an additional 889 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in RTX by 29.8% during the 3rd quarter. MFA Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $73,000 after acquiring an additional 139 shares in the last quarter. Finally, Courier Capital LLC acquired a new position in RTX during the third quarter worth about $7,243,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. 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. Also, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. In the last three months, insiders sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada upped their target price on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $168.56.

RTX Stock Performance

Shares of NYSE:RTX opened at $127.21 on Thursday. The business has a 50-day moving average of $121.46 and a two-hundred day moving average of $111.02. The firm has a market capitalization of $169.22 billion, a PE ratio of 36.35, a P/E/G ratio of 2.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12 month low of $76.96 and a 12 month high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, research analysts forecast that RTX Co. will post 5.5 earnings per share for the current year.

RTX Dividend Announcement

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 given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 1.98%. RTX’s dividend payout ratio (DPR) is 72.00%.

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.