LVW Advisors LLC Has $1.04 Million Stock Position in RTX Co. (NYSE:RTX)

LVW Advisors LLC lessened its holdings in RTX Co. (NYSE:RTX) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,635 shares of the company’s stock after selling 5,212 shares during the period. LVW Advisors LLC’s holdings in RTX were worth $1,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bear Mountain Capital Inc. acquired a new stake in RTX in the fourth quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new stake in shares of RTX during the 4th quarter valued at $30,000. Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in RTX in the 4th quarter worth about $38,000. Finally, Fairman Group LLC bought a new position in RTX in the fourth quarter valued at about $38,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RTX. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup lifted their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company increased their price target on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Robert W. Baird upped their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.33.

RTX Stock Down 0.2 %

RTX stock opened at $100.39 on Monday. The business’s 50-day moving average price is $104.42 and its 200-day moving average price is $95.65. The stock has a market cap of $133.47 billion, a P/E ratio of 39.37, a PEG ratio of 1.76 and a beta of 0.82. RTX Co. has a twelve month low of $68.56 and a twelve month 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 posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. On average, equities research analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is currently 98.82%.

Insider Activity at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value 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 90 days, insiders have sold 119,937 shares of company stock valued at $12,256,952. 0.13% of the stock is owned by company insiders.

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.