Dynamic Advisor Solutions LLC Has $3.67 Million Stock Position in RTX Co. (NYSE:RTX)

Dynamic Advisor Solutions LLC lessened its stake in RTX Co. (NYSE:RTX) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,538 shares of the company’s stock after selling 3,245 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in RTX were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Lynx Investment Advisory bought a new stake in shares of RTX during the 2nd quarter valued at $26,000. Bear Mountain Capital Inc. bought a new stake in RTX in the fourth quarter valued at about $25,000. Alaska Permanent Fund Corp acquired a new position in RTX in the first quarter valued at about $42,000. Tennessee Valley Asset Management Partners bought a new position in RTX during the fourth quarter worth about $38,000. Finally, Fairman Group LLC acquired a new position in shares of RTX during the 4th quarter worth about $38,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the topic of a number of analyst reports. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Royal Bank of Canada increased their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. TD Cowen boosted their price target on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Susquehanna raised their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Finally, Robert W. Baird lifted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $153.47.

RTX Stock Up 0.2 %

RTX stock opened at $116.86 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a 1-year low of $68.56 and a 1-year high of $118.30. The company has a fifty day simple moving average of $106.62 and a 200 day simple moving average of $100.64. The company has a market cap of $155.45 billion, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that RTX Co. will post 5.44 earnings per share for the current fiscal year.

RTX Announces Dividend

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 of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.16%. RTX’s dividend payout ratio is presently 98.82%.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the transaction, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

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.