Cornell Pochily Investment Advisors Inc. Acquires 174 Shares of RTX Co. (NYSE:RTX)

Cornell Pochily Investment Advisors Inc. grew its holdings in RTX Co. (NYSE:RTX) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,297 shares of the company’s stock after acquiring an additional 174 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in RTX were worth $1,732,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Chicago Partners Investment Group LLC raised its stake in shares of RTX by 2.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 9,310 shares of the company’s stock valued at $833,000 after acquiring an additional 202 shares in the last quarter. SageView Advisory Group LLC acquired a new position in RTX during the fourth quarter valued at approximately $1,485,000. Leo Wealth LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $380,000. Fairman Group LLC acquired a new stake in shares of RTX in the fourth quarter worth $38,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of RTX by 11.9% during the 1st quarter. ST Germain D J Co. Inc. now owns 16,400 shares of the company’s stock worth $1,599,000 after buying an additional 1,742 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.6 %

RTX stock opened at $124.64 on Tuesday. RTX Co. has a 1-year low of $72.48 and a 1-year high of $125.93. 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 business’s 50 day moving average is $120.05 and its 200-day moving average is $109.77. The firm has a market cap of $165.71 billion, a P/E ratio of 48.88, a P/E/G ratio of 2.18 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.46 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is currently 98.82%.

Analyst Ratings Changes

RTX has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Robert W. Baird raised their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Susquehanna upped their price target on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Finally, Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.50.

Insider Buying and Selling at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction on 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 completion of the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the transaction, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX Company 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.