Commonwealth Equity Services LLC Has $87.58 Million Stock Holdings in RTX Co. (NYSE:RTX)

Commonwealth Equity Services LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,040,936 shares of the company’s stock after acquiring an additional 8,390 shares during the period. Commonwealth Equity Services LLC’s holdings in RTX were worth $87,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boston Partners bought a new stake in shares of RTX in the 3rd quarter worth about $355,350,000. Van ECK Associates Corp raised its stake in shares of RTX by 129.9% in the fourth quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock valued at $341,710,000 after acquiring an additional 2,294,908 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of RTX by 29.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock worth $602,941,000 after acquiring an additional 1,914,184 shares in the last quarter. Sanders Capital LLC increased its holdings in RTX by 20.2% during the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after purchasing an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in RTX by 12,753.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock valued at $117,799,000 after purchasing an additional 1,389,143 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, Director Robert Kelly Ortberg sold 10,295 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were 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 directly owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,842 shares of company stock worth $13,603,426. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Barclays lifted their price target on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday. Bank of America upped their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Susquehanna raised their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Citigroup upped their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, UBS Group boosted their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.93.

RTX Stock Down 0.5 %

NYSE RTX traded down $0.50 during trading hours on Friday, reaching $101.39. 13,324,712 shares of the company’s stock were exchanged, compared to its average volume of 8,165,671. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX Co. has a one year low of $68.56 and a one year high of $103.89. The company’s 50-day moving average is $96.48 and its two-hundred day moving average is $88.30. The company has a market capitalization of $134.80 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for 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 firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. On average, analysts forecast that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, May 16th. This is an increase from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.49%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

About RTX

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.