Nordwand Advisors LLC Has $11.93 Million Stock Holdings in RTX Corporation $RTX

Nordwand Advisors LLC increased its position in RTX Corporation (NYSE:RTX) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,298 shares of the company’s stock after purchasing an additional 2,833 shares during the quarter. RTX makes up 1.9% of Nordwand Advisors LLC’s portfolio, making the stock its 11th biggest position. Nordwand Advisors LLC’s holdings in RTX were worth $11,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC grew its position 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 period. LFA Lugano Financial Advisors SA acquired a new position in RTX in the second quarter valued at approximately $29,000. Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter worth $31,000. SOA Wealth Advisors LLC. grew its holdings in RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, Clayton Financial Group LLC acquired a new stake in RTX during the 3rd quarter worth $36,000. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. UBS Group downgraded 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 research note on Monday, January 5th. The Goldman Sachs Group increased their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. BNP Paribas Exane began coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price target for the company. Finally, Citigroup increased their price target on shares of RTX from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.88.

RTX Stock Up 1.2%

Shares of RTX stock opened at $202.13 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $202.17. The business has a 50-day moving average of $180.85 and a two-hundred day moving average of $167.49. The company has a market capitalization of $271.01 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44. 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:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the business posted $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.3%. RTX’s payout ratio is presently 55.85%.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

RTX Company Profile

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.