Avantax Planning Partners Inc. Has $835,000 Stock Holdings in RTX Co. (NYSE:RTX)

Avantax Planning Partners Inc. raised its stake in RTX Co. (NYSE:RTX) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,922 shares of the company’s stock after buying an additional 601 shares during the quarter. Avantax Planning Partners Inc.’s holdings in RTX were worth $835,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RTX. Jacobsen Capital Management increased its stake in shares of RTX by 3.0% during the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares during the last quarter. Diligent Investors LLC increased its stake in shares of RTX by 1.4% during the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. Kerntke Otto McGlone Wealth Management Group increased its stake in shares of RTX by 2.1% during the 4th quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock worth $514,000 after purchasing an additional 128 shares during the last quarter. Finally, Dempze Nancy E increased its stake in shares of RTX by 0.5% during the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

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, 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 value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold 120,042 shares of company stock worth $12,266,459 over the last ninety days. Insiders own 0.13% of the company’s stock.

RTX Trading Up 0.7 %

RTX stock traded up $0.70 during midday trading on Friday, hitting $106.11. 2,022,391 shares of the stock were exchanged, compared to its average volume of 7,760,778. The company has a fifty day simple moving average of $100.78 and a two-hundred day simple moving average of $91.12. RTX Co. has a 52 week low of $68.56 and a 52 week high of $107.82. The stock has a market capitalization of $141.07 billion, a PE ratio of 41.35, a P/E/G ratio of 1.86 and a beta of 0.84. 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 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 firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.37%. RTX’s dividend payout ratio (DPR) is 98.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTX. Citigroup upped their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Bank of America increased their price target on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen increased their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Finally, Barclays increased their price target on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $98.33.

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.