RTX Co. (NYSE:RTX) Shares Acquired by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. boosted its position in shares of RTX Co. (NYSE:RTX) by 3.4% in the first quarter, Holdings Channel.com reports. The firm owned 7,479 shares of the company’s stock after acquiring an additional 247 shares during the period. TCI Wealth Advisors Inc.’s holdings in RTX were worth $729,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in RTX during the 4th quarter valued at $25,000. Planned Solutions Inc. acquired a new stake in RTX during the 4th quarter valued at $30,000. Alaska Permanent Fund Corp acquired a new stake in RTX during the 1st quarter valued at $42,000. Tennessee Valley Asset Management Partners acquired a new stake in RTX during the 4th quarter valued at $38,000. Finally, Fairman Group LLC bought a new position in RTX during the 4th quarter valued at $38,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RTX

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’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 transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction that occurred 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 transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction that occurred 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 transaction, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Insiders have sold a total of 119,937 shares of company stock worth $12,256,952 in the last ninety days. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on RTX. Wells Fargo & Company increased their price objective on shares of RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. TD Cowen increased their price objective on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Bank of America increased their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. UBS Group increased their price objective on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.33.

RTX Stock Performance

NYSE:RTX traded down $0.44 during mid-day trading on Friday, hitting $101.28. The stock had a trading volume of 6,003,137 shares, compared to its average volume of 6,723,965. The stock has a market capitalization of $134.65 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.80 and a beta of 0.82. The company has a 50 day simple moving average of $104.24 and a 200-day simple moving average of $96.94. RTX Co. has a 52 week low of $68.56 and a 52 week high of $108.65. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.22 EPS. On average, research analysts expect that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.49%. RTX’s dividend 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.