J.W. Cole Advisors Inc. Has $9.44 Million Stock Position in RTX Corporation (NYSE:RTX)

J.W. Cole Advisors Inc. boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 85.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,249 shares of the company's stock after purchasing an additional 32,802 shares during the period. J.W. Cole Advisors Inc.'s holdings in RTX were worth $9,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX in the first quarter valued at $26,000. 10Elms LLP bought a new stake in shares of RTX in the 4th quarter valued at about $29,000. Greenline Partners LLC bought a new stake in shares of RTX in the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of RTX in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley raised their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday. Sanford C. Bernstein set a $154.00 target price on RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Finally, Susquehanna upped their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.50.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 3.7%

RTX stock traded up $5.45 during trading hours on Wednesday, hitting $154.62. The company's stock had a trading volume of 4,371,559 shares, compared to its average volume of 5,295,494. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $206.57 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. RTX Corporation has a 12 month low of $103.62 and a 12 month high of $155.32. The stock has a 50 day moving average price of $141.35 and a two-hundred day moving average price of $131.70.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 5.63% and a return on equity of 12.71%. The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter in the prior year, the company posted $1.41 EPS. The business's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.76%. RTX's payout ratio is presently 79.77%.

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.