Carson Advisory Inc. Makes New $203,000 Investment in RTX Co. (NYSE:RTX)

Carson Advisory Inc. bought a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,416 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of RTX by 0.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 298,830 shares of the company’s stock worth $21,507,000 after buying an additional 2,557 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of RTX by 13.2% during the third quarter. J.W. Cole Advisors Inc. now owns 28,379 shares of the company’s stock worth $2,042,000 after buying an additional 3,320 shares in the last quarter. Legacy Financial Group LLC acquired a new position in shares of RTX during the third quarter worth $35,000. Eudaimonia Partners LLC increased its holdings in shares of RTX by 14.2% during the third quarter. Eudaimonia Partners LLC now owns 7,192 shares of the company’s stock worth $518,000 after buying an additional 893 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in shares of RTX by 18.6% during the third quarter. Guyasuta Investment Advisors Inc. now owns 19,871 shares of the company’s stock worth $1,430,000 after buying an additional 3,116 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 0.5 %

Shares of RTX stock traded down $0.50 on Friday, reaching $101.39. 13,324,712 shares of the company were exchanged, compared to its average volume of 8,165,671. The company has a market cap of $134.80 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.82 and a beta of 0.84. The company has a 50-day moving average of $96.48 and a 200-day moving average of $88.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. RTX Co. has a one year low of $68.56 and a one year high of $103.89.

RTX (NYSE:RTX) last announced its quarterly earnings results 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. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts anticipate that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a $0.63 dividend. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a yield of 2.49%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Barclays upped their price target on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna increased their price objective on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Royal Bank of Canada increased their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $96.93.

Insider Activity at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,842 shares of company stock valued at $13,603,426. 0.13% of the stock is owned by corporate insiders.

RTX 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.