Woodley Farra Manion Portfolio Management Inc. Buys 6,867 Shares of RTX Corporation $RTX

Woodley Farra Manion Portfolio Management Inc. increased its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,612 shares of the company’s stock after purchasing an additional 6,867 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in RTX were worth $9,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lynx Capital Group Ltd. ADV purchased a new stake in RTX during the 3rd quarter worth about $4,568,000. Csenge Advisory Group raised its position in RTX by 8.2% in the 3rd quarter. Csenge Advisory Group now owns 7,836 shares of the company’s stock valued at $1,455,000 after purchasing an additional 593 shares in the last quarter. D.B. Root & Company LLC raised its position in RTX by 5.9% in the 3rd quarter. D.B. Root & Company LLC now owns 6,832 shares of the company’s stock valued at $1,268,000 after purchasing an additional 383 shares in the last quarter. DMKC Advisory Services LLC boosted its stake in shares of RTX by 0.8% in the 3rd quarter. DMKC Advisory Services LLC now owns 22,371 shares of the company’s stock valued at $4,153,000 after buying an additional 169 shares during the period. Finally, Welch & Forbes LLC purchased a new position in shares of RTX in the 3rd quarter valued at about $195,370,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about RTX

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Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna boosted their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Rothschild & Co Redburn raised their target price on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. DA Davidson raised their target price on shares of RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Sanford C. Bernstein decreased their price target on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a research note on Thursday, October 15th. Finally, Argus set a $245.00 price target on shares of RTX and gave the stock a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.24.

Check Out Our Latest Analysis on RTX

RTX Stock Performance

NYSE:RTX opened at $200.39 on Wednesday. RTX Corporation has a 12 month low of $166.74 and a 12 month high of $226.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The firm has a market capitalization of $270.41 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. The business’s fifty day moving average price is $193.00 and its 200 day moving average price is $195.54.

RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is currently 47.40%.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

About RTX

(Free Report)

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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