First Command Advisory Services Inc. Boosts Stake in RTX Corporation (NYSE:RTX)

First Command Advisory Services Inc. lifted its holdings in RTX Corporation (NYSE:RTX) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,345 shares of the company’s stock after buying an additional 384 shares during the period. First Command Advisory Services Inc.’s holdings in RTX were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. 1620 Investment Advisors Inc. lifted its stake in RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock valued at $1,401,000 after buying an additional 79 shares during the last quarter. Guardian Wealth Advisors LLC NC increased its holdings in shares of RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company’s stock valued at $576,000 after purchasing an additional 82 shares during the period. Foster Victor Wealth Advisors LLC increased its holdings in shares of RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares during the period. Weatherly Asset Management L. P. increased its holdings in shares of RTX by 0.4% during the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company’s stock valued at $2,767,000 after purchasing an additional 82 shares during the period. Finally, CLG LLC increased its holdings in shares of RTX by 2.3% during the first quarter. CLG LLC now owns 3,686 shares of the company’s stock valued at $488,000 after purchasing an additional 83 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president directly owned 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

RTX Trading Up 1.8%

NYSE:RTX opened at $149.47 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a fifty-two week low of $101.52 and a fifty-two week high of $150.22. The stock’s 50-day moving average is $139.16 and its two-hundred day moving average is $130.49. The stock has a market cap of $199.68 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.82%. RTX’s payout ratio is 79.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Cowen reissued a “buy” rating on shares of RTX in a report on Friday, May 23rd. Benchmark raised RTX from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Susquehanna lowered their target price on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their target price on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.61.

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.