RTX Co. (NYSE:RTX) Stake Boosted by RFG Advisory LLC

RFG Advisory LLC increased its position in shares of RTX Co. (NYSE:RTX) by 96.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 40,354 shares of the company’s stock after buying an additional 19,779 shares during the quarter. RFG Advisory LLC’s holdings in RTX were worth $3,936,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RTX. Cary Street Partners Investment Advisory LLC boosted its holdings in RTX by 26.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after purchasing an additional 28,910 shares in the last quarter. TCW Group Inc. acquired a new stake in shares of RTX in the fourth quarter worth $1,912,000. Robinson Smith Wealth Advisors LLC bought a new position in RTX during the fourth quarter worth $672,000. Mather Group LLC. raised its stake in RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Rockline Wealth Management LLC bought a new stake in RTX in the 4th quarter valued at $2,438,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. Insiders have sold a total of 119,937 shares of company stock valued at $12,256,952 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of RTX stock opened at $105.61 on Friday. The firm’s 50 day moving average price is $104.38 and its two-hundred day moving average price is $94.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market cap of $140.41 billion, a PE ratio of 41.42, a PEG ratio of 1.84 and a beta of 0.83. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. As a group, analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.39%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Robert W. Baird lifted their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Citigroup increased their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group lifted their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna upped their price objective on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their target price on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.33.

RTX Company 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.