Kestra Advisory Services LLC Has $24.33 Million Holdings in RTX Co. (NYSE:RTX)

Kestra Advisory Services LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,474 shares of the company’s stock after buying an additional 16,304 shares during the period. Kestra Advisory Services LLC’s holdings in RTX were worth $24,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in RTX during the 4th quarter worth about $25,000. Planned Solutions Inc. purchased a new position in RTX during the 4th quarter valued at about $30,000. Alaska Permanent Fund Corp purchased a new position in RTX during the 1st quarter valued at about $42,000. Tennessee Valley Asset Management Partners purchased a new position in RTX during the 4th quarter valued at about $38,000. Finally, Fairman Group LLC purchased a new position in RTX during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock traded up $0.48 during trading hours on Friday, reaching $113.95. 7,526,513 shares of the company’s stock were exchanged, compared to its average volume of 6,530,945. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $115.82. The stock has a market capitalization of $151.50 billion, a P/E ratio of 44.69, a P/E/G ratio of 2.02 and a beta of 0.82. The business has a fifty day moving average price of $104.47 and a 200-day moving average price of $98.31. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. Analysts predict that RTX Co. will post 5.42 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.21%. RTX’s payout ratio is 98.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RTX. Susquehanna lifted their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday. Robert W. Baird lifted their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup lifted their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price target on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Melius Research boosted their price target on RTX from $490.00 to $493.00 in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $148.69.

Insider Activity at RTX

In related news, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the transaction, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the transaction, the director now owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.