Advisory Alpha LLC Grows Holdings in RTX Co. (NYSE:RTX)

Advisory Alpha LLC raised its position in RTX Co. (NYSE:RTX) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,992 shares of the company’s stock after buying an additional 179 shares during the period. Advisory Alpha LLC’s holdings in RTX were worth $877,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Gold Investment Management Ltd. raised its position in RTX by 3.5% in the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock worth $297,000 after acquiring an additional 103 shares during the period. Insight Inv LLC raised its holdings in shares of RTX by 0.6% in the 1st quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock worth $1,687,000 after purchasing an additional 105 shares during the period. Bruce G. Allen Investments LLC lifted its stake in RTX by 7.9% in the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after purchasing an additional 106 shares during the last quarter. Jacobsen Capital Management grew its holdings in RTX by 3.0% during the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares during the period. Finally, TRUE Private Wealth Advisors increased its position in RTX by 1.2% in the first quarter. TRUE Private Wealth Advisors now owns 9,952 shares of the company’s stock worth $971,000 after buying an additional 117 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock traded up $0.20 on Friday, hitting $101.92. 437,847 shares of the company traded hands, compared to its average volume of 7,455,959. RTX Co. has a 12-month low of $68.56 and a 12-month high of $108.65. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company has a market cap of $135.50 billion, a P/E ratio of 39.90, a P/E/G ratio of 1.79 and a beta of 0.82. The firm’s 50-day simple moving average is $104.24 and its 200 day simple moving average is $96.64.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.47%. RTX’s payout ratio is 98.82%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna upped their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. TD Cowen increased their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Bank of America boosted their price target on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. UBS Group raised their price objective on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Two 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 presently has a consensus rating of “Hold” and an average target price of $98.33.

Insider Activity

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $13,166,366.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 sale, the insider now directly owns 149,050 shares in the company, valued at approximately $15,757,566. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,937 shares of company stock valued at $12,256,952. Corporate 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.