Abner Herrman & Brock LLC Acquires 10,937 Shares of RTX Co. (NYSE:RTX)

Abner Herrman & Brock LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 17.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,855 shares of the company’s stock after buying an additional 10,937 shares during the quarter. Abner Herrman & Brock LLC’s holdings in RTX were worth $8,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in RTX by 4.2% during the first quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock valued at $9,186,520,000 after purchasing an additional 3,761,246 shares in the last quarter. Capital International Investors boosted its stake in shares of RTX by 4.8% in the 1st quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock valued at $6,670,523,000 after purchasing an additional 3,161,165 shares in the last quarter. Marshall Wace LLP increased its position in shares of RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after purchasing an additional 1,901,256 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of RTX by 47.9% during the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after buying an additional 792,830 shares in the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of RTX in the 4th quarter worth approximately $42,506,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and lifted their target price for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $161.13.

RTX Stock Performance

RTX stock opened at $123.92 on Thursday. RTX Co. has a 1-year low of $72.29 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 stock has a 50-day moving average price of $119.58 and a 200-day moving average price of $109.11. The firm has a market cap of $164.75 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly 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. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.03%. RTX’s payout ratio is presently 98.82%.

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.