Resonant Capital Advisors LLC Buys 886 Shares of RTX Co. (NYSE:RTX)

Resonant Capital Advisors LLC grew its holdings in RTX Co. (NYSE:RTX) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 8,355 shares of the company’s stock after purchasing an additional 886 shares during the period. Resonant Capital Advisors LLC’s holdings in RTX were worth $703,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new position in shares of RTX in the 1st quarter valued at about $28,000. Bear Mountain Capital Inc. bought a new position in shares of RTX in the 4th quarter valued at about $25,000. Planned Solutions Inc. bought a new position in RTX during the 4th quarter worth approximately $30,000. Strengthening Families & Communities LLC bought a new position in RTX during the 3rd quarter worth approximately $28,000. Finally, Financial Gravity Asset Management Inc. boosted its stake 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. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Barclays lifted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. TD Cowen lifted their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Robert W. Baird lifted their price objective 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, Wells Fargo & Company restated an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.44.

RTX Price Performance

NYSE RTX opened at $101.57 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.32. The company has a market capitalization of $135.05 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. The firm’s 50 day moving average is $94.55 and its 200-day moving average is $86.44.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Insider Activity at RTX

In related news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by corporate 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.