XML Financial LLC Has $6.40 Million Stake in RTX Co. (NYSE:RTX)

XML Financial LLC grew its stake in RTX Co. (NYSE:RTX) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,021 shares of the company’s stock after buying an additional 3,310 shares during the period. XML Financial LLC’s holdings in RTX were worth $6,396,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC lifted its stake in shares of RTX by 90,520.0% in the third quarter. WealthPlan Investment Management LLC now owns 4,531 shares of the company’s stock worth $326,000 after buying an additional 4,526 shares during the last quarter. Gabelli Funds LLC grew its position in shares of RTX by 315.8% in the third quarter. Gabelli Funds LLC now owns 19,815 shares of the company’s stock valued at $1,426,000 after purchasing an additional 15,050 shares during the last quarter. S&CO Inc. increased its stake in shares of RTX by 1.0% in the third quarter. S&CO Inc. now owns 20,078 shares of the company’s stock worth $1,445,000 after purchasing an additional 200 shares during the period. Saratoga Research & Investment Management increased its stake in shares of RTX by 21.7% in the third quarter. Saratoga Research & Investment Management now owns 1,563,997 shares of the company’s stock worth $112,561,000 after purchasing an additional 278,889 shares during the period. Finally, Sanders Capital LLC lifted its position in shares of RTX by 20.2% during the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock worth $719,478,000 after purchasing an additional 1,682,928 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX traded down $0.07 during trading hours on Friday, reaching $108.11. The company had a trading volume of 3,526,533 shares, compared to its average volume of 5,299,565. The firm has a market capitalization of $143.73 billion, a PE ratio of 42.40, a PEG ratio of 1.90 and a beta of 0.83. The stock has a 50-day moving average of $103.30 and a two-hundred day moving average of $93.07. RTX Co. has a one year low of $68.56 and a one year high of $108.65. 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:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter last year, the company posted $1.22 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts forecast that RTX Co. will post 5.4 earnings per share for the current year.

RTX Announces Dividend

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

Insider Buying and Selling

In other RTX news, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the business’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 completion of the sale, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the transaction, the insider now directly owns 149,050 shares in the company, valued at approximately $15,757,566. The disclosure for this sale can be found here. Insiders have sold a total of 119,937 shares of company stock worth $12,256,952 in the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America lifted their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird increased 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. Barclays boosted their price objective on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Citigroup increased their target price on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Susquehanna lifted their target price on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Two research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.33.

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.