RTX Co. (NYSE:RTX) Shares Bought by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC raised its position in RTX Co. (NYSE:RTX) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,807 shares of the company’s stock after purchasing an additional 3,428 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in RTX were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in shares of RTX during the fourth quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. increased its stake in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the period. Valley National Advisers Inc. increased its stake in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of RTX during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.2 %

RTX stock traded down $0.23 during midday trading on Friday, reaching $100.39. The company had a trading volume of 13,844,477 shares, compared to its average volume of 7,594,032. RTX Co. has a 1 year low of $68.56 and a 1 year 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 capitalization of $133.47 billion, a P/E ratio of 39.37, a PEG ratio of 1.78 and a beta of 0.83. The company has a 50 day moving average of $104.44 and a two-hundred day moving average of $95.34.

RTX (NYSE:RTX) last released 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 company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.51%. RTX’s payout ratio is 98.82%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays raised their target price on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. UBS Group raised their target price 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, TD Cowen raised their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus target price of $98.33.

Insider Activity

In other news, insider Stephen J. Timm sold 19,880 shares of the firm’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 transaction, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory Hayes sold 89,762 shares of RTX 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 owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was 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 owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is owned by corporate insiders.

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.