Jackson Hole Capital Partners LLC Boosts Stake in RTX Co. (NYSE:RTX)

Jackson Hole Capital Partners LLC lifted its stake in RTX Co. (NYSE:RTX) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,201 shares of the company’s stock after purchasing an additional 1,302 shares during the period. Jackson Hole Capital Partners LLC’s holdings in RTX were worth $3,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in RTX by 8,351.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,184 shares of the company’s stock worth $517,000 after buying an additional 7,099 shares in the last quarter. Roman Butler Fullerton & Co. increased its stake in RTX by 5.1% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 3,614 shares of the company’s stock worth $265,000 after buying an additional 174 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in RTX by 2.8% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,838 shares of the company’s stock worth $1,500,000 after buying an additional 558 shares in the last quarter. Builder Investment Group Inc. ADV increased its stake in RTX by 15.5% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 45,445 shares of the company’s stock worth $3,271,000 after buying an additional 6,107 shares in the last quarter. Finally, Ballast Inc. boosted its holdings in shares of RTX by 17.7% during the 3rd quarter. Ballast Inc. now owns 11,477 shares of the company’s stock valued at $826,000 after purchasing an additional 1,729 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RTX shares. Susquehanna raised their price objective on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday. UBS Group raised their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird raised their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays raised their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. 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. According to MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average price target of $96.27.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of RTX 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 completion of the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the business’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 directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last 90 days. Company insiders own 0.13% of the company’s stock.

RTX Trading Up 0.7 %

Shares of NYSE:RTX traded up $0.73 during trading hours on Thursday, hitting $101.76. 6,182,480 shares of the company’s stock traded hands, compared to its average volume of 8,224,648. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The business has a fifty day moving average price of $95.36 and a 200-day moving average price of $87.31. The firm has a market capitalization of $135.30 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities 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. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

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.