RTX Co. (NYSE:RTX) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its stake in RTX Co. (NYSE:RTX) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,350 shares of the company’s stock after buying an additional 5,971 shares during the period. J.W. Cole Advisors Inc.’s holdings in RTX were worth $2,890,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after purchasing an additional 3,104,282 shares during the period. Norges Bank acquired a new position in shares of RTX during the fourth quarter worth approximately $1,580,608,000. Northern Trust Corp boosted its position in shares of RTX by 1.9% during the third quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock worth $987,871,000 after buying an additional 256,215 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in RTX by 87,932.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after buying an additional 13,598,794 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in RTX by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock valued at $784,735,000 after acquiring an additional 60,319 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.8 %

RTX traded up $0.85 during trading on Friday, reaching $101.56. The company had a trading volume of 10,328,788 shares, compared to its average volume of 7,908,590. The firm’s 50-day simple moving average is $94.55 and its 200 day simple moving average is $86.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The company has a market cap of $135.04 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.32.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. During the same period last year, the firm posted $1.27 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. RTX’s payout ratio is currently 105.36%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RTX. TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. 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 research report on Monday, January 22nd. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. TD Cowen increased their price objective 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, Wells Fargo & Company reissued an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average price target of $94.44.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 over the last quarter. 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.