J.W. Cole Advisors Inc. Grows Position in RTX Corporation (NYSE:RTX)

J.W. Cole Advisors Inc. increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 85.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. MorganRosel Wealth Management LLC purchased a new position in RTX in the first quarter valued at $26,000. 10Elms LLP acquired a new position in RTX during the fourth quarter worth about $29,000. Greenline Partners LLC acquired a new position in RTX in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in RTX in the 4th quarter valued at about $39,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated 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 of the company's stock, valued at approximately $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. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a research report on Friday, April 25th. Susquehanna lowered their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.28.

RTX Price Performance

NYSE:RTX traded down $1.89 during mid-day trading on Tuesday, hitting $149.67. 7,295,974 shares of the company's stock traded hands, compared to its average volume of 5,289,865. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm's 50 day simple moving average is $141.35 and its 200 day simple moving average is $131.70. RTX Corporation has a 1 year low of $102.62 and a 1 year high of $153.39. The company has a market cap of $199.95 billion, a PE ratio of 43.91, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

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

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.82%. RTX's dividend payout ratio (DPR) is presently 79.77%.

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.