Wealth Alliance Advisory Group LLC Sells 188 Shares of RTX Co. (NYSE:RTX)

Wealth Alliance Advisory Group LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,441 shares of the company’s stock after selling 188 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in RTX were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. AA Financial Advisors LLC grew its holdings in shares of RTX by 6.1% during the 3rd quarter. AA Financial Advisors LLC now owns 4,662 shares of the company’s stock worth $565,000 after acquiring an additional 267 shares during the period. Alta Wealth Advisors LLC bought a new stake in shares of RTX during the third quarter valued at approximately $217,000. Chicago Capital LLC grew its stake in RTX by 3.0% in the third quarter. Chicago Capital LLC now owns 16,393 shares of the company’s stock worth $1,986,000 after purchasing an additional 472 shares during the period. Everett Harris & Co. CA raised its holdings in RTX by 3.1% in the third quarter. Everett Harris & Co. CA now owns 101,648 shares of the company’s stock worth $12,316,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Integris Wealth Management LLC purchased a new position in RTX during the third quarter valued at $300,000. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. Robert W. Baird increased their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna raised their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Hold” and an average price target of $162.50.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 178,333 shares of company stock valued at $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX opened at $125.92 on Friday. The company’s 50-day simple moving average is $120.91 and its two-hundred day simple moving average is $110.46. RTX Co. has a 52-week low of $72.48 and a 52-week high of $127.00. The stock 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 debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

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

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. 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 is 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.