Insight Wealth Partners LLC Sells 114 Shares of RTX Co. (NYSE:RTX)

Insight Wealth Partners LLC decreased its position in RTX Co. (NYSE:RTX) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,669 shares of the company’s stock after selling 114 shares during the period. Insight Wealth Partners LLC’s holdings in RTX were worth $808,000 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. Tidal Investments LLC lifted its position in shares of RTX by 58.9% in the 1st quarter. Tidal Investments LLC now owns 40,425 shares of the company’s stock worth $3,943,000 after purchasing an additional 14,991 shares during the period. iA Global Asset Management Inc. lifted its position in RTX by 3.9% during the first quarter. iA Global Asset Management Inc. now owns 10,997 shares of the company’s stock valued at $1,073,000 after buying an additional 414 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in shares of RTX by 10.8% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 86,450 shares of the company’s stock valued at $8,431,000 after buying an additional 8,416 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of RTX in the 1st quarter worth about $6,574,000. Finally, Sanibel Captiva Trust Company Inc. lifted its position in RTX by 2.8% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 119,346 shares of the company’s stock valued at $11,640,000 after acquiring an additional 3,306 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 1.7 %

NYSE:RTX opened at $120.62 on Wednesday. RTX Co. has a one year low of $79.13 and a one year high of $128.70. The business has a fifty day moving average price of $122.16 and a 200-day moving average price of $114.26. The firm has a market capitalization of $160.55 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.10 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 (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The firm 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 $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. RTX’s payout ratio is presently 72.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America upgraded 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 report on Wednesday, July 31st. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

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.