Wealthspire Advisors LLC Has $1.61 Million Position in RTX Co. (NYSE:RTX)

Wealthspire Advisors LLC boosted its position in RTX Co. (NYSE:RTX) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,182 shares of the company’s stock after buying an additional 1,427 shares during the quarter. Wealthspire Advisors LLC’s holdings in RTX were worth $1,614,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Boston Partners acquired a new position in RTX during the third quarter worth $355,350,000. Van ECK Associates Corp grew its holdings in shares of RTX by 129.9% in the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock valued at $341,710,000 after acquiring an additional 2,294,908 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of RTX by 29.6% in 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 acquiring an additional 1,914,184 shares during the last quarter. Sanders Capital LLC raised its holdings in RTX by 20.2% during the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock worth $719,478,000 after acquiring an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in 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 purchasing an additional 1,389,143 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 35,456 shares of the business’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 in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,618 shares of company stock worth $13,397,978. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock traded up $1.79 during trading on Thursday, reaching $105.73. The company’s stock had a trading volume of 7,210,085 shares, compared to its average volume of 8,055,303. RTX Co. has a 52 week low of $68.56 and a 52 week high of $105.76. The firm has a market cap of $140.57 billion, a PE ratio of 40.73, a P/E/G ratio of 1.83 and a beta of 0.84. The business’s 50-day moving average price is $97.48 and its 200-day moving average price is $89.21. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from RTX’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, May 16th. RTX’s dividend payout ratio is presently 92.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. Susquehanna upped their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Barclays lifted their price target on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada upped their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.93.

About RTX

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.