Mather Group LLC. Increases Stock Holdings in RTX Co. (NYSE:RTX)

Mather Group LLC. increased its stake in RTX Co. (NYSE:RTX) by 47.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,521 shares of the company’s stock after buying an additional 5,598 shares during the quarter. Mather Group LLC.’s holdings in RTX were worth $1,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Douglas Lane & Associates LLC lifted its holdings in RTX by 7.8% during the 2nd quarter. Douglas Lane & Associates LLC now owns 394,495 shares of the company’s stock valued at $39,603,000 after buying an additional 28,474 shares in the last quarter. Quent Capital LLC raised its stake in shares of RTX by 3.8% during the second quarter. Quent Capital LLC now owns 2,862 shares of the company’s stock valued at $287,000 after acquiring an additional 105 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of RTX in the second quarter valued at approximately $72,000. Versant Capital Management Inc grew its stake in RTX by 90.2% in the second quarter. Versant Capital Management Inc now owns 1,337 shares of the company’s stock worth $134,000 after purchasing an additional 634 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in RTX during the 2nd quarter valued at $634,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE RTX traded down $0.83 during mid-day trading on Tuesday, hitting $114.34. The stock had a trading volume of 4,641,499 shares, compared to its average volume of 7,354,549. The company has a 50 day moving average of $105.89 and a two-hundred day moving average of $99.88. RTX Co. has a twelve month low of $68.56 and a twelve month high of $118.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $152.10 billion, a PE ratio of 44.84, a PEG ratio of 2.06 and a beta of 0.82.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio is currently 98.82%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Wells Fargo & Company cut their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays boosted their price objective on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.47.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,213 shares of company stock worth $22,963,593. Insiders own 0.13% of the company’s stock.

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.