RTX Co. (NYSE:RTX) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its position in RTX Co. (NYSE:RTX) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 708 shares of the company’s stock after acquiring an additional 134 shares during the quarter. Hexagon Capital Partners LLC’s holdings in RTX were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Groupama Asset Managment purchased a new stake in RTX in the 4th quarter worth $42,506,000. Fort Sheridan Advisors LLC increased its holdings in RTX by 1.9% in the 4th quarter. Fort Sheridan Advisors LLC now owns 15,154 shares of the company’s stock worth $1,275,000 after acquiring an additional 287 shares in the last quarter. Financial Network Wealth Advisors LLC purchased a new stake in RTX in the 4th quarter worth $385,000. Pettyjohn Wood & White Inc. increased its holdings in RTX by 0.3% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 64,080 shares of the company’s stock worth $5,392,000 after acquiring an additional 175 shares in the last quarter. Finally, Burford Brothers Inc. purchased a new stake in shares of RTX during the fourth quarter worth $949,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction on Monday, July 29th. The stock was 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 directly 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 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 firm’s stock in a transaction on Monday, July 29th. The stock was 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 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 can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the firm’s 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 sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last three months. 0.13% of the stock is currently owned by company insiders.

RTX Stock Performance

Shares of RTX stock opened at $122.94 on Friday. The firm has a market capitalization of $163.54 billion, a P/E ratio of 71.06, a P/E/G ratio of 2.20 and a beta of 0.82. RTX Co. has a 52 week low of $72.29 and a 52 week high of $125.93. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $119.71 and its two-hundred day moving average is $109.20.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion for 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%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Research analysts forecast that RTX Co. will post 5.46 EPS for the current fiscal year.

RTX Announces Dividend

The business 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 dividend yield of 2.05%. RTX’s dividend payout ratio is presently 145.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and upped their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $162.50.

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.