Snowden Capital Advisors LLC Has $6.28 Million Stock Holdings in RTX Co. (NYSE:RTX)

Snowden Capital Advisors LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,288 shares of the company’s stock after buying an additional 2,605 shares during the period. Snowden Capital Advisors LLC’s holdings in RTX were worth $6,282,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Accurate Wealth Management LLC lifted its holdings in RTX by 9.0% during the 4th quarter. Accurate Wealth Management LLC now owns 6,774 shares of the company’s stock worth $780,000 after buying an additional 559 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of RTX by 24.3% in the fourth quarter. Kathmere Capital Management LLC now owns 6,761 shares of the company’s stock valued at $782,000 after buying an additional 1,322 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of RTX by 62.3% in the 4th quarter. Park Avenue Securities LLC now owns 62,913 shares of the company’s stock worth $7,280,000 after acquiring an additional 24,138 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RTX by 27.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,230 shares of the company’s stock worth $837,000 after acquiring an additional 1,565 shares during the period. Finally, Godsey & Gibb Inc. increased its holdings in RTX by 0.3% during the fourth quarter. Godsey & Gibb Inc. now owns 202,492 shares of the company’s stock worth $23,432,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna decreased their price objective on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. UBS Group raised their target price on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company upped their price objective on RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $159.82.

RTX Stock Performance

Shares of NYSE:RTX opened at $135.56 on Friday. RTX Co. has a one year low of $99.07 and a one year high of $136.84. The firm has a market cap of $181.10 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The firm’s 50 day simple moving average is $128.51 and its 200-day simple moving average is $124.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. As a group, equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.01%. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is currently 79.77%.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This trade represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction 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 now directly owns 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. In the last ninety days, insiders sold 69,946 shares of company stock worth $9,024,856. 0.15% of the stock is currently owned by company insiders.

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.