Private Advisor Group LLC Has $14.73 Million Stock Holdings in RTX Co. (NYSE:RTX)

Private Advisor Group LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 175,051 shares of the company’s stock after acquiring an additional 6,149 shares during the period. Private Advisor Group LLC’s holdings in RTX were worth $14,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC raised its holdings in shares of RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after acquiring an additional 28,910 shares during the last quarter. Mather Group LLC. raised its holdings in shares of RTX by 8.5% in the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after acquiring an additional 1,079 shares during the last quarter. Rockline Wealth Management LLC acquired a new stake in shares of RTX in the 4th quarter worth about $2,438,000. AllGen Financial Advisors Inc. raised its holdings in shares of RTX by 12.8% in the 4th quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock worth $2,720,000 after acquiring an additional 3,657 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new stake in shares of RTX in the 3rd quarter worth about $14,186,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

RTX traded up $0.51 on Monday, hitting $101.91. The company’s stock had a trading volume of 3,372,626 shares, compared to its average volume of 8,110,990. The company’s 50 day simple moving average is $96.70 and its 200-day simple moving average is $88.70. The firm has a market cap of $135.49 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released 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 company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. Analysts forecast that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The firm 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 $0.63 dividend. The ex-dividend date is Thursday, May 16th. This is an increase from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 annualized dividend and a yield of 2.47%. RTX’s dividend payout ratio (DPR) is 92.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. Finally, Bank of America upped their price objective on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.93.

Insiders Place Their Bets

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the sale, the director now owns 129,120 shares in the company, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Insiders have sold 137,842 shares of company stock worth $13,603,426 in the last three months. 0.13% of the stock is currently 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.