RTX Co. (NYSE:RTX) Position Increased by Barry Investment Advisors LLC

Barry Investment Advisors LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,262 shares of the company’s stock after purchasing an additional 286 shares during the period. RTX comprises about 1.8% of Barry Investment Advisors LLC’s portfolio, making the stock its 20th largest holding. Barry Investment Advisors LLC’s holdings in RTX were worth $5,390,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in RTX during the fourth quarter valued at $25,000. Planned Solutions Inc. bought a new stake in RTX during the fourth quarter valued at $30,000. Alaska Permanent Fund Corp bought a new stake in RTX during the first quarter valued at $42,000. Financial Gravity Asset Management Inc. increased its stake in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of RTX during the fourth quarter worth about $38,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Barclays upped their price target on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. UBS Group upped their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their price target on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $98.33.

Insiders Place Their Bets

In other RTX news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction dated 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 owns 129,120 shares in the company, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,937 shares of company stock worth $12,256,952. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

NYSE RTX traded down $0.23 on Friday, reaching $100.39. The company’s stock had a trading volume of 13,853,219 shares, compared to its average volume of 6,408,701. RTX Co. has a twelve month low of $68.56 and a twelve month high of $108.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market cap of $133.47 billion, a PE ratio of 39.37, a PEG ratio of 1.76 and a beta of 0.83. The firm’s 50 day moving average is $104.42 and its two-hundred day moving average is $95.65.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 yield of 2.51%. RTX’s payout ratio is presently 98.82%.

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.