2,416 Shares in RTX Co. (NYSE:RTX) Bought by Carson Advisory Inc.

Carson Advisory Inc. bought a new position in RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,416 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Boston Partners purchased a new position in shares of RTX during the third quarter valued at $355,350,000. Van ECK Associates Corp grew its holdings in shares of RTX by 129.9% during the fourth quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock valued at $341,710,000 after buying an additional 2,294,908 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of RTX by 29.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after buying an additional 1,914,184 shares in the last quarter. Sanders Capital LLC grew its holdings in shares of RTX by 20.2% during the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after buying an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of RTX by 12,753.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock valued at $117,799,000 after buying an additional 1,389,143 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 137,842 shares of company stock valued at $13,603,426 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on RTX. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research note on Monday, April 1st. TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. UBS Group boosted their target price on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird boosted their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. 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 company’s stock. According to data from MarketBeat, RTX has an average rating of “Hold” and a consensus price target of $96.93.

RTX Stock Performance

Shares of NYSE RTX traded down $0.50 during trading hours on Friday, hitting $101.39. 13,324,712 shares of the company’s stock were exchanged, compared to its average volume of 8,165,671. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a market capitalization of $134.80 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.82 and a beta of 0.84. The company’s 50-day moving average price is $96.48 and its 200-day moving average price is $88.30.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts expect that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, May 16th. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s payout ratio is currently 92.55%.

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.