Americana Partners LLC Raises Stake in RTX Corporation $RTX

Americana Partners LLC boosted its position in RTX Corporation (NYSE:RTXFree Report) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 205,904 shares of the company’s stock after acquiring an additional 4,031 shares during the period. RTX comprises approximately 1.0% of Americana Partners LLC’s holdings, making the stock its 27th biggest holding. Americana Partners LLC’s holdings in RTX were worth $34,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after buying an additional 70 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX during the second quarter valued at approximately $29,000. Access Investment Management LLC purchased a new stake in RTX during the 2nd quarter worth $31,000. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the third quarter worth about $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. UBS Group cut shares of RTX from a “buy” rating to a “neutral” rating and cut their price target for the company from $202.00 to $199.00 in a report on Monday, January 5th. BNP Paribas Exane initiated coverage on shares of RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $186.88.

Read Our Latest Research Report on RTX

Insider Activity

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $202.13 on Tuesday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $202.17. The firm has a market capitalization of $271.01 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.92 and a beta of 0.44. The company’s fifty day moving average is $180.85 and its two-hundred day moving average is $167.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is 55.85%.

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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