Octavia Wealth Advisors LLC Purchases 143 Shares of RTX Co. (NYSE:RTX)

Octavia Wealth Advisors LLC boosted its position in RTX Co. (NYSE:RTX) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,263 shares of the company’s stock after acquiring an additional 143 shares during the period. Octavia Wealth Advisors LLC’s holdings in RTX were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marietta Wealth Management LLC grew its holdings in RTX by 3.8% during the 4th quarter. Marietta Wealth Management LLC now owns 64,322 shares of the company’s stock valued at $5,412,000 after buying an additional 2,357 shares in the last quarter. Investment Advisory Group LLC grew its holdings in shares of RTX by 24.2% during the fourth quarter. Investment Advisory Group LLC now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 759 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its holdings in shares of RTX by 1.2% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 122,572 shares of the company’s stock worth $10,313,000 after purchasing an additional 1,512 shares in the last quarter. LifePlan Financial LLC purchased a new position in shares of RTX during the fourth quarter worth about $442,000. Finally, Capital Analysts LLC grew its holdings in shares of RTX by 1.4% during the fourth quarter. Capital Analysts LLC now owns 120,076 shares of the company’s stock worth $10,103,000 after purchasing an additional 1,669 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $100.83 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The stock has a 50 day moving average price of $93.96 and a two-hundred day moving average price of $86.03. The company has a market capitalization of $134.07 billion, a P/E ratio of 45.01, a PEG ratio of 1.82 and a beta of 0.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. Analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. RTX’s dividend payout ratio is presently 105.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Robert W. Baird boosted their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Barclays upped their target price on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.44.

Insider Activity at RTX

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