Vestmark Advisory Solutions Inc. Purchases 232 Shares of RTX Co. (NYSE:RTX)

Vestmark Advisory Solutions Inc. boosted its position in RTX Co. (NYSE:RTX) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,714 shares of the company’s stock after buying an additional 232 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in RTX were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in RTX. Cary Street Partners Investment Advisory LLC raised its holdings in RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after acquiring an additional 28,910 shares in the last quarter. Mather Group LLC. raised its holdings in RTX by 8.5% in the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,079 shares in the last quarter. Rockline Wealth Management LLC acquired a new position in RTX in the 4th quarter valued at $2,438,000. B&D White Capital Company LLC acquired a new position in shares of RTX during the 3rd quarter worth $14,186,000. Finally, PDS Planning Inc acquired a new position in shares of RTX during the 4th quarter worth $356,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank of Canada boosted their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of RTX in a report on Monday, April 1st. Susquehanna upped their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Citigroup upped their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $96.93.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,842 shares of company stock valued at $13,603,426. Company insiders own 0.13% of the company’s stock.

RTX Stock Up 0.5 %

Shares of RTX stock traded up $0.53 on Monday, hitting $101.93. The company had a trading volume of 297,987 shares, compared to its average volume of 8,074,524. The stock has a market capitalization of $135.52 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 1.83 and a beta of 0.84. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The stock has a 50 day moving average of $96.70 and a 200-day moving average of $88.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share. As a group, sell-side analysts forecast that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, May 16th. This is an increase from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio (DPR) is 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.