Cetera Advisors LLC Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Cetera Advisors LLC lifted its stake in RTX Co. (NYSE:RTX) by 102.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,140 shares of the company’s stock after buying an additional 69,035 shares during the period. Cetera Advisors LLC’s holdings in RTX were worth $13,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Motco grew its holdings in shares of RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares during the last quarter. Gold Investment Management Ltd. raised its stake in shares of RTX by 3.5% during the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock valued at $297,000 after acquiring an additional 103 shares during the last quarter. Insight Inv LLC boosted its holdings in shares of RTX by 0.6% during the first quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock worth $1,687,000 after purchasing an additional 105 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of RTX by 7.9% in the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock worth $141,000 after purchasing an additional 106 shares during the last quarter. Finally, Jacobsen Capital Management increased its holdings in RTX by 3.0% during the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RTX shares. TD Cowen boosted their target price on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday. Finally, Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $153.47.

RTX Stock Down 0.3 %

Shares of RTX traded down $0.30 on Friday, hitting $116.44. 4,578,404 shares of the stock traded hands, compared to its average volume of 6,574,825. RTX Co. has a one year low of $68.56 and a one year high of $118.30. The company has a market capitalization of $154.81 billion, a PE ratio of 45.66, a P/E/G ratio of 2.06 and a beta of 0.82. The business has a 50 day simple moving average of $105.54 and a 200 day simple moving average of $99.28. 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 earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping 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 business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that RTX Co. will post 5.44 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is presently 98.82%.

Insider Transactions at RTX

In other RTX news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Insiders sold 198,213 shares of company stock worth $22,963,593 over the last three months. 0.13% of the stock is currently owned by company insiders.

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.