Jackson Hole Capital Partners LLC Raises Position in RTX Co. (NYSE:RTX)

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

Several other institutional investors and hedge funds have also recently modified their holdings of RTX. Bear Mountain Capital Inc. purchased a new stake in shares of RTX during the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX during the third quarter valued at approximately $28,000. Planned Solutions Inc. purchased a new stake in shares of RTX during the fourth quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. increased its position in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

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. The firm has a market cap of $135.30 billion, a P/E ratio of 39.90, a P/E/G ratio of 1.84 and a beta of 0.88. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The business’s fifty day simple moving average is $95.36 and its two-hundred day simple moving average is $87.31. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. The company had revenue of $19.30 billion during 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%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is 92.55%.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction 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 sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated 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 sale, 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. Over the last quarter, insiders sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on RTX shares. UBS Group increased their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Bank of America raised their target price on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Susquehanna raised their target price on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus target price of $96.27.

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.