Pure Portfolios Holdings LLC Purchases Shares of 4,541 RTX Co. (NYSE:RTX)

Pure Portfolios Holdings LLC bought a new stake in shares of RTX Co. (NYSE:RTX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,541 shares of the company’s stock, valued at approximately $550,000.

Several other large investors have also recently made changes to their positions in the company. Alaska Permanent Fund Corp purchased a new stake in shares of RTX in the first quarter valued at approximately $42,000. &PARTNERS increased its holdings in RTX by 64.7% in the 1st quarter. &PARTNERS now owns 5,991 shares of the company’s stock worth $584,000 after acquiring an additional 2,353 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in RTX during the first quarter worth $169,000. Global Assets Advisory LLC purchased a new position in RTX during the first quarter valued at $7,523,000. Finally, Harbor Investment Advisory LLC grew its position in shares of RTX by 9.5% in the first quarter. Harbor Investment Advisory LLC now owns 13,994 shares of the company’s stock valued at $1,365,000 after purchasing an additional 1,210 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

NYSE:RTX opened at $125.92 on Friday. The company has a market capitalization of $167.41 billion, a P/E ratio of 49.38, 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 0.66. RTX Co. has a 52 week low of $72.48 and a 52 week high of $127.00. The stock’s fifty day moving average is $120.91 and its two-hundred day moving average is $110.46.

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

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 98.82%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Robert W. Baird increased their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $162.50.

Insider Activity

In related news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Gregory Hayes sold 134,887 shares of the company’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 sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction 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 completion of the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by corporate 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.