Atria Wealth Solutions Inc. Boosts Stock Position in RTX Co. (NYSE:RTX)

Atria Wealth Solutions Inc. lifted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,264 shares of the company's stock after purchasing an additional 8,816 shares during the period. Atria Wealth Solutions Inc.'s holdings in RTX were worth $9,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. Cary Street Partners Investment Advisory LLC grew its stake in RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company's stock valued at $10,077,000 after acquiring an additional 28,910 shares in the last quarter. Rockline Wealth Management LLC acquired a new stake in shares of RTX in the 4th quarter valued at $2,438,000. B&D White Capital Company LLC acquired a new stake in shares of RTX in the 3rd quarter valued at $14,186,000. PDS Planning Inc purchased a new position in shares of RTX in the 4th quarter valued at $356,000. Finally, Cullen Investment Group LTD. purchased a new position in shares of RTX in the 4th quarter valued at $843,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded up $0.73 on Thursday, reaching $101.76. 6,182,480 shares of the company were exchanged, compared to its average volume of 8,224,648. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. The stock's fifty day moving average price is $95.36 and its 200 day moving average price is $87.31. The firm has a market capitalization of $135.30 billion, a PE ratio of 39.90, a PEG ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Buying and Selling

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business's 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 directly owns 49,894 shares of the company's stock, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the company's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares of the company's stock, valued at approximately $5,252,769.41. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company's stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on RTX shares. Susquehanna raised their price objective on shares of RTX from $110.00 to $119.00 and gave the stock a "positive" rating in a research report on Wednesday. TheStreet upgraded shares of RTX from a "c" rating to a "b-" rating in a report on Tuesday, January 23rd. UBS Group boosted their target price on shares of RTX from $103.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup boosted their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of RTX from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $96.27.

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.