Lyell Wealth Management LP Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Lyell Wealth Management LP lifted its stake in shares of RTX Co. (NYSE:RTX) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 6,801 shares of the company’s stock after acquiring an additional 283 shares during the period. Lyell Wealth Management LP’s holdings in RTX were worth $572,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTX. Bear Mountain Capital Inc. purchased a new stake in shares of RTX in the fourth quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX in the third quarter valued at about $28,000. Planned Solutions Inc. purchased a new stake in shares of RTX in the fourth quarter valued at about $30,000. Financial Gravity Asset Management Inc. raised its holdings in RTX by 352.0% during 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. Finally, Valley National Advisers Inc. raised its holdings in RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RTX shares. Susquehanna increased their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday. Royal Bank of Canada increased their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird increased their target price on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, TD Cowen increased their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.27.

RTX Trading Up 0.7 %

Shares of RTX traded up $0.68 during mid-day trading on Thursday, reaching $101.70. The company had a trading volume of 4,659,732 shares, compared to its average volume of 8,205,420. The stock has a market cap of $135.23 billion, a price-to-earnings ratio of 39.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The firm has a fifty day simple moving average of $95.16 and a 200-day simple moving average of $87.21. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating 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 company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter last year, the business earned $1.22 EPS. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is presently 92.55%.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

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.