Addison Advisors LLC Has $431,000 Stock Position in RTX Co. (NYSE:RTX)

Addison Advisors LLC raised its holdings in RTX Co. (NYSE:RTX) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,117 shares of the company’s stock after acquiring an additional 1,210 shares during the period. Addison Advisors LLC’s holdings in RTX were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bear Mountain Capital Inc. bought a new stake in RTX in the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX during the 3rd quarter valued at $28,000. Planned Solutions Inc. purchased a new stake in shares of RTX during the 4th quarter valued at $30,000. Financial Gravity Asset Management Inc. increased its holdings in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was 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 of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 over the last quarter. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX traded down $0.30 during mid-day trading on Friday, hitting $101.41. The company’s stock had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $134.83 billion, a P/E ratio of 39.77, a P/E/G ratio of 1.84 and a beta of 0.88. The firm has a 50-day simple moving average of $95.57 and a 200 day simple moving average of $87.61.

RTX (NYSE:RTX) last posted its 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. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Analysts predict that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Susquehanna lifted their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday. UBS Group boosted their target price on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 target price on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus target price of $96.27.

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.