Vestmark Advisory Solutions Inc. Boosts Stock Holdings in RTX Corporation (NYSE:RTX)

Vestmark Advisory Solutions Inc. raised its holdings in RTX Corporation (NYSE:RTX) by 86.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,265 shares of the company’s stock after purchasing an additional 9,410 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in RTX were worth $2,684,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new position in shares of RTX in the first quarter worth about $26,000. 10Elms LLP purchased a new position in shares of RTX in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC purchased a new position in RTX during the fourth quarter valued at approximately $43,000. Finally, McClarren Financial Advisors Inc. purchased a new position in RTX during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.7%

Shares of RTX opened at $154.04 on Friday. The firm has a market cap of $206.19 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.86 and a beta of 0.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $158.79. The firm has a 50 day moving average price of $149.54 and a 200-day moving average price of $136.40.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX’s payout ratio is 59.78%.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock valued at $7,126,389 over the last quarter. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RTX. Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. UBS Group boosted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the company a “market perform” rating in a research note on Friday, July 11th. Finally, Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.67.

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.