RTX Co. (NYSE:RTX) Shares Purchased by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its stake in RTX Co. (NYSE:RTX) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,373 shares of the company’s stock after purchasing an additional 72,095 shares during the period. RTX makes up about 2.9% of CapWealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. CapWealth Advisors LLC’s holdings in RTX were worth $23,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jacobsen Capital Management grew its stake in shares of RTX by 3.0% during the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after acquiring an additional 114 shares in the last quarter. Diligent Investors LLC grew its stake in shares of RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after acquiring an additional 118 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of RTX by 2.2% during the first quarter. Waverly Advisors LLC now owns 5,686 shares of the company’s stock valued at $557,000 after acquiring an additional 122 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of 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 acquiring an additional 127 shares in the last quarter. Finally, Ironwood Wealth Management LLC. grew its stake in shares of RTX by 1.2% during the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after acquiring an additional 128 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RTX. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. UBS Group boosted their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Robert W. Baird boosted their price objective on 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 reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average price target of $94.44.

RTX Stock Performance

RTX stock traded up $0.64 during midday trading on Thursday, reaching $101.39. The company had a trading volume of 1,855,386 shares, compared to its average volume of 8,209,067. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $94.13 and a 200 day moving average price of $86.13. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The firm has a market capitalization of $134.81 billion, a PE ratio of 44.98, a P/E/G ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. Analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio is presently 105.36%.

Insider Transactions at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. Company 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.