Wealthcare Advisory Partners LLC Has $977,000 Stake in RTX Co. (NYSE:RTX)

Wealthcare Advisory Partners LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,609 shares of the company’s stock after selling 4,292 shares during the period. Wealthcare Advisory Partners LLC’s holdings in RTX were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of RTX by 1.9% in the third quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock valued at $987,871,000 after buying an additional 256,215 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of RTX by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock worth $784,735,000 after purchasing an additional 60,319 shares in the last quarter. Sanders Capital LLC raised its stake in RTX by 20.2% in the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after purchasing an additional 1,682,928 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in RTX by 29.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock worth $602,941,000 after purchasing an additional 1,914,184 shares during the period. Finally, American Century Companies Inc. grew its stake in RTX by 9.8% during the third quarter. American Century Companies Inc. now owns 6,665,887 shares of the company’s stock worth $479,744,000 after buying an additional 593,305 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.0 %

RTX stock traded down $0.03 during trading on Wednesday, hitting $103.20. The company had a trading volume of 128,220 shares, compared to its average volume of 8,008,034. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. RTX Co. has a one year low of $68.56 and a one year high of $103.89. The business has a 50-day moving average of $97.20 and a 200-day moving average of $89.11. The stock has a market cap of $137.21 billion, a PE ratio of 40.48, a PEG ratio of 1.83 and a beta of 0.84.

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. The company had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share. Research analysts predict that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a yield of 2.44%. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio (DPR) is currently 92.55%.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 35,456 shares of RTX 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 completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, 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 three months, insiders sold 135,618 shares of company stock worth $13,397,978. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Bank of America boosted their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. UBS Group raised their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays increased their price objective on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.93.

RTX Company 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.