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

Capital Advisory Group Advisory Services LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,472 shares of the company’s stock after buying an additional 175 shares during the quarter. RTX makes up 1.5% of Capital Advisory Group Advisory Services LLC’s investment portfolio, making the stock its 13th largest position. Capital Advisory Group Advisory Services LLC’s holdings in RTX were worth $3,904,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Pension Service lifted its holdings in shares of RTX by 15.1% during the 4th quarter. National Pension Service now owns 2,859,573 shares of the company’s stock worth $330,910,000 after acquiring an additional 375,781 shares during the period. Deutsche Bank AG increased its position in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock worth $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in RTX during the fourth quarter worth approximately $3,356,000. Thoroughbred Financial Services LLC raised its stake in RTX by 43.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company’s stock worth $3,046,000 after purchasing an additional 7,987 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of RTX by 6.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company’s stock valued at $65,278,000 after purchasing an additional 32,024 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RTX shares. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective for the company in a report on Friday, April 25th. Cowen restated a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Benchmark upgraded RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. Royal Bank of Canada decreased their target price on RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, Susquehanna dropped their target price on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Buy” and a consensus price target of $159.82.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

RTX Trading Down 1.7%

NYSE:RTX opened at $138.52 on Wednesday. The stock has a market cap of $185.06 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. RTX Co. has a one year low of $99.07 and a one year high of $141.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s 50-day simple moving average is $129.95 and its 200 day simple moving average is $126.07.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This is a boost from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

About RTX

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.