CFS Investment Advisory Services LLC Buys Shares of 4,567 RTX Co. (NYSE:RTX)

CFS Investment Advisory Services LLC purchased a new position in RTX Co. (NYSE:RTXFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,567 shares of the company’s stock, valued at approximately $384,000.

A number of other institutional investors also recently made changes to their positions in RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX in the 4th quarter worth approximately $25,000. Planned Solutions Inc. acquired a new stake in RTX during the fourth quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. lifted its stake in 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 purchasing an additional 345 shares during the last quarter. Valley National Advisers Inc. lifted its stake in 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 purchasing an additional 127 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in RTX during the fourth quarter valued at approximately $38,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 0.1 %

Shares of RTX traded down $0.10 during mid-day trading on Friday, hitting $108.08. 3,526,487 shares of the company’s stock were exchanged, compared to its average volume of 7,586,222. The firm has a fifty day moving average of $103.09 and a two-hundred day moving average of $92.87. RTX Co. has a twelve month low of $68.56 and a twelve month high of $108.65. The stock has a market cap of $143.69 billion, a price-to-earnings ratio of 42.50, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the prior year, the business posted $1.22 EPS. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that RTX Co. will post 5.4 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio (DPR) is 98.82%.

Insider Buying and Selling

In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’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 sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. In the last three months, insiders sold 119,937 shares of company stock valued at $12,256,952. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen increased their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Citigroup boosted their price target on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays boosted their price target on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Robert W. Baird boosted their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company boosted their price target 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 equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.33.

Get Our Latest Stock Analysis on RTX

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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