Transcend Capital Advisors LLC Buys 752 Shares of RTX Co. (NYSE:RTX)

Transcend Capital Advisors LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,943 shares of the company’s stock after buying an additional 752 shares during the period. Transcend Capital Advisors LLC’s holdings in RTX were worth $1,846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its holdings in RTX by 1.9% in the 3rd quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock valued at $987,871,000 after purchasing an additional 256,215 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in RTX by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock valued at $784,735,000 after purchasing an additional 60,319 shares during the period. Sanders Capital LLC boosted its holdings in RTX by 20.2% in the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after purchasing an additional 1,682,928 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RTX by 29.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after purchasing an additional 1,914,184 shares during the period. Finally, American Century Companies Inc. boosted its holdings in RTX by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 6,665,887 shares of the company’s stock valued at $479,744,000 after purchasing an additional 593,305 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RTX. UBS Group boosted their price objective on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays boosted their target price on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.27.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by insiders.

RTX Price Performance

RTX stock traded down $0.30 during trading on Friday, reaching $101.41. 4,428,318 shares of the company were exchanged, compared to its average volume of 8,154,806. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a 50-day moving average of $95.57 and a two-hundred day moving average of $87.61. The company has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a P/E/G ratio of 1.84 and a beta of 0.88.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is currently 92.55%.

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.