RTX Co. (NYSE:RTX) Shares Purchased by Syon Capital LLC

Syon Capital LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 49.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,224 shares of the company’s stock after purchasing an additional 3,072 shares during the period. Syon Capital LLC’s holdings in RTX were worth $776,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its position in RTX by 8,351.8% during 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 during the last quarter. SS&H Financial Advisors Inc. purchased a new position in RTX during the 3rd quarter worth $315,000. Advisory Alpha LLC increased its holdings in shares of RTX by 10.4% in the 3rd quarter. Advisory Alpha LLC now owns 8,352 shares of the company’s stock valued at $601,000 after purchasing an additional 784 shares in the last quarter. L. Roy Papp & Associates LLP increased its holdings in shares of RTX by 3.6% in the 3rd quarter. L. Roy Papp & Associates LLP now owns 14,693 shares of the company’s stock valued at $1,057,000 after purchasing an additional 508 shares in the last quarter. Finally, Olistico Wealth LLC increased its holdings in shares of RTX by 36.8% in the 3rd quarter. Olistico Wealth LLC now owns 6,283 shares of the company’s stock valued at $452,000 after purchasing an additional 1,689 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

Shares of RTX stock traded down $0.30 during mid-day trading on Friday, hitting $101.41. 4,427,698 shares of the stock were exchanged, compared to its average volume of 8,184,732. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The stock has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a 50-day simple moving average of $95.36 and a 200 day simple moving average of $87.31. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same period last year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts forecast that RTX Co. will post 5.4 EPS for the current year.

RTX Dividend Announcement

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

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research analyst reports. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Susquehanna increased their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday. Citigroup increased their price target on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.27.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the firm’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 value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the executive vice president now owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,785 shares of company stock worth $3,448,188. Company insiders own 0.13% of the company’s stock.

About RTX

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.