11,846 Shares in RTX Co. (NYSE:RTX) Bought by Everpar Advisors LLC

Everpar Advisors LLC purchased a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,846 shares of the company’s stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners acquired a new position in RTX during the 3rd quarter worth approximately $355,350,000. Van ECK Associates Corp grew its position in RTX by 129.9% during the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock worth $341,710,000 after purchasing an additional 2,294,908 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in RTX by 29.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after purchasing an additional 1,914,184 shares during the period. Sanders Capital LLC raised its holdings in shares of RTX by 20.2% in the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after buying an additional 1,682,928 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in RTX by 12,753.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock valued at $117,799,000 after acquiring an additional 1,389,143 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction dated 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 owns 129,120 shares in the company, valued at approximately $13,166,366.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 135,618 shares of company stock valued at $13,397,978 in the last 90 days. 0.13% of the stock is currently owned by insiders.

RTX Price Performance

Shares of NYSE RTX traded up $0.78 on Wednesday, hitting $104.01. The company’s stock had a trading volume of 5,177,642 shares, compared to its average volume of 8,064,801. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a 50 day moving average of $97.20 and a 200-day moving average of $89.11. RTX Co. has a 12-month low of $68.56 and a 12-month high of $104.09. The company has a market capitalization of $138.28 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion for 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%. RTX’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. As a group, research analysts predict that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be issued a $0.63 dividend. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a yield of 2.42%. RTX’s payout ratio is 92.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RTX shares. Royal Bank of Canada boosted their target price on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Citigroup boosted their price target on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Barclays raised their price objective on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Finally, Bank of America boosted their target price on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Hold” and a consensus target price of $96.93.

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.