EP Wealth Advisors LLC Purchases 28,870 Shares of RTX Co. (NYSE:RTX)

EP Wealth Advisors LLC grew its position in RTX Co. (NYSE:RTX) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,735 shares of the company’s stock after acquiring an additional 28,870 shares during the period. EP Wealth Advisors LLC’s holdings in RTX were worth $42,468,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FCA Corp TX bought a new position in RTX in the 3rd quarter worth approximately $288,000. Excalibur Management Corp raised its position in RTX by 4.1% in the 3rd quarter. Excalibur Management Corp now owns 15,731 shares of the company’s stock worth $1,132,000 after purchasing an additional 617 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in RTX by 31.1% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 5,672 shares of the company’s stock worth $408,000 after purchasing an additional 1,344 shares during the last quarter. Capital Square LLC raised its position in RTX by 18.7% in the 3rd quarter. Capital Square LLC now owns 4,397 shares of the company’s stock worth $326,000 after purchasing an additional 692 shares during the last quarter. Finally, Freemont Management S.A. raised its position in RTX by 167.9% in the 3rd quarter. Freemont Management S.A. now owns 256,900 shares of the company’s stock worth $18,489,000 after purchasing an additional 161,000 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.8 %

NYSE:RTX traded down $0.80 on Friday, hitting $104.23. 4,917,244 shares of the company’s stock were exchanged, compared to its average volume of 5,096,944. The firm has a 50-day moving average price of $104.00 and a 200-day moving average price of $93.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. RTX Co. has a 52 week low of $68.56 and a 52 week high of $108.65. The company has a market cap of $138.57 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. As a group, analysts expect that RTX Co. will post 5.39 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. Stockholders of record on Friday, August 16th will be issued 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 2.42%. RTX’s payout ratio is 98.82%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RTX. Bank of America lifted their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their target price on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. UBS Group lifted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Citigroup lifted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $98.33.

Insider Activity

In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the transaction, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,937 shares of company stock valued at $12,256,952. 0.13% of the stock is 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.