Capital Advisors Ltd. LLC Purchases 166 Shares of RTX Co. (NYSE:RTX)

Capital Advisors Ltd. LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,451 shares of the company’s stock after purchasing an additional 166 shares during the period. Capital Advisors Ltd. LLC’s holdings in RTX were worth $239,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RTX. Bear Mountain Capital Inc. bought a new stake in RTX during the fourth quarter valued at about $25,000. Planned Solutions Inc. bought a new position in shares of RTX in the fourth quarter worth about $30,000. Financial Gravity Asset Management Inc. boosted its stake in shares of RTX by 352.0% in the third 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 period. Tennessee Valley Asset Management Partners bought a new position in shares of RTX in the fourth quarter worth about $38,000. Finally, Fairman Group LLC bought a new position in shares of RTX in the fourth quarter worth about $38,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RTX shares. Barclays boosted their target price on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. 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. Citigroup upped their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company upped their price objective on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $98.33.

RTX Stock Up 0.9 %

Shares of NYSE:RTX opened at $100.41 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $133.50 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The business’s 50 day moving average is $104.36 and its 200 day moving average is $95.92. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. Sell-side analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued 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 2.51%. RTX’s dividend payout ratio is presently 98.82%.

Insider Activity

In other news, Director Robert Kelly Ortberg sold 10,295 shares of the 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 approximately $13,166,366.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the 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 approximately $13,166,366.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,937 shares of company stock worth $12,256,952. Insiders own 0.13% of the company’s stock.

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.