Claro Advisors LLC Increases Stock Holdings in RTX Co. (NYSE:RTX)

Claro Advisors LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,259 shares of the company’s stock after purchasing an additional 685 shares during the quarter. Claro Advisors LLC’s holdings in RTX were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Bear Mountain Capital Inc. bought a new position in shares of RTX during the 4th quarter valued at approximately $25,000. Planned Solutions Inc. bought a new position in shares of RTX in the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. increased its stake in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of RTX during the 4th quarter valued at $38,000. Finally, Fairman Group LLC purchased a new position in shares of RTX during the 4th quarter valued at $38,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.8 %

Shares of RTX stock opened at $99.55 on Tuesday. The company has a market cap of $132.35 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year high of $108.65. The stock’s 50 day simple moving average is $104.38 and its two-hundred day simple moving average is $95.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79.

RTX (NYSE:RTX) last released its quarterly 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 company 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%. RTX’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. Research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.53%. RTX’s dividend payout ratio is presently 98.82%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Bank of America raised their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays lifted their target price on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. UBS Group upped their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company upped their target price on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.33.

Insider Buying and Selling

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

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.