RTX Co. (NYSE:RTX) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,484 shares of the company’s stock after acquiring an additional 2,148 shares during the period. Transcend Capital Advisors LLC’s holdings in RTX were worth $2,458,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RFG Advisory LLC increased its holdings in RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares during the last quarter. TCW Group Inc. acquired a new position in RTX in the fourth quarter valued at approximately $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new position in RTX in the fourth quarter valued at approximately $672,000. Mather Group LLC. boosted its stake in RTX by 8.5% in the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,079 shares during the period. Finally, AllGen Financial Advisors Inc. boosted its stake in RTX by 12.8% in the fourth quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock valued at $2,720,000 after acquiring an additional 3,657 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Susquehanna lifted their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price objective on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their price objective on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average target price of $153.47.

Insider Buying and Selling at RTX

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the sale, the insider now directly owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Dantaya M. Williams sold 17,570 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares in the company, valued at approximately $4,463,273.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the transaction, the insider now owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold a total of 198,213 shares of company stock valued at $22,963,593 in the last three months. 0.13% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE RTX traded down $0.30 during trading on Friday, hitting $116.44. The company had a trading volume of 4,578,404 shares, compared to its average volume of 6,574,825. The company has a market cap of $154.89 billion, a P/E ratio of 45.66, a PEG ratio of 2.06 and a beta of 0.82. RTX Co. has a 52 week low of $68.56 and a 52 week high of $118.30. The business’s 50-day moving average is $105.54 and its 200 day moving average is $99.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Equities research analysts predict that RTX Co. will post 5.44 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio (DPR) is currently 98.82%.

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.