Voya Financial Advisors Inc. Increases Holdings in RTX Co. (NYSE:RTX)

by · The Markets Daily

Voya Financial Advisors Inc. raised its stake in RTX Co. (NYSE:RTX – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,954 shares of the company’s stock after buying an additional 102 shares during the quarter. Voya Financial Advisors Inc.’s holdings in RTX were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management raised its position in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the period. Millstone Evans Group LLC acquired a new position in RTX in the fourth quarter valued at approximately $39,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter worth $40,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RTX. Susquehanna lowered their price target on RTX from $147.00 to $140.00 and set a “positive” rating for the company in a report on Wednesday. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a research report on Friday. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $161.38.

View Our Latest Analysis on RTX

RTX Trading Up 2.8 %

Shares of NYSE:RTX opened at $125.43 on Friday. The company has a market cap of $167.46 billion, a PE ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58. The company’s 50 day moving average is $128.31 and its two-hundred day moving average is $123.74. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX’s payout ratio is currently 73.90%.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by insiders.

RTX Profile

(Free Report)

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.

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