Capital Advisors Ltd. LLC Has $239,000 Stock Position in RTX Co. (NYSE:RTX)

Capital Advisors Ltd. LLC raised its stake in RTX Co. (NYSE:RTX) by 7.3% in the 1st quarter, HoldingsChannel reports. The fund owned 2,451 shares of the company’s stock after buying an additional 166 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in RTX were worth $239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in RTX in the 4th quarter valued at about $25,000. Planned Solutions Inc. acquired a new stake in RTX in the 4th quarter valued at about $30,000. Alaska Permanent Fund Corp acquired a new stake in RTX in the 1st quarter valued at about $42,000. Financial Gravity Asset Management Inc. grew its position in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of RTX during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a filing with the SEC, which is available through this link. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction on 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 $15,757,566. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 119,937 shares of company stock worth $12,256,952. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RTX shares. Susquehanna lifted their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Citigroup lifted their price target 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. Barclays lifted their price target on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. TD Cowen lifted their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.33.

RTX Stock Performance

Shares of RTX opened at $100.41 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX Co. has a twelve month low of $68.56 and a twelve month high of $108.65. The firm’s 50 day moving average price is $104.36 and its two-hundred day moving average price is $95.92. The firm has a market cap of $133.50 billion, a P/E ratio of 39.38, a PEG ratio of 1.76 and a beta of 0.82.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued 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 yield of 2.51%. RTX’s payout ratio is 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.