Barry Investment Advisors LLC Purchases 286 Shares of RTX Co. (NYSE:RTX)

Barry Investment Advisors LLC boosted its position in RTX Co. (NYSE:RTX) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,262 shares of the company’s stock after acquiring an additional 286 shares during the period. RTX accounts for 1.8% of Barry Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Barry Investment Advisors LLC’s holdings in RTX were worth $5,390,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RTX. Capital Research Global Investors boosted its holdings in RTX by 23.7% in the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock valued at $7,608,822,000 after acquiring an additional 17,351,313 shares during the last quarter. Capital International Investors boosted its holdings in RTX by 20.6% during the fourth quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock worth $5,488,752,000 after buying an additional 11,163,222 shares during the last quarter. Norges Bank bought a new position in RTX during the fourth quarter worth about $690,154,000. Massachusetts Financial Services Co. MA boosted its holdings in RTX by 82.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock worth $1,288,157,000 after buying an additional 6,932,011 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in RTX by 129.9% during the fourth quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock worth $341,710,000 after buying an additional 2,294,908 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.2 %

RTX stock traded down $0.23 during midday trading on Friday, reaching $100.39. The stock had a trading volume of 13,853,219 shares, compared to its average volume of 6,408,701. The firm’s fifty day simple moving average is $104.42 and its 200-day simple moving average is $95.65. RTX Co. has a 1-year low of $68.56 and a 1-year high of $108.65. The stock has a market capitalization of $133.47 billion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share 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 analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. As a group, analysts expect that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio (DPR) is 98.82%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RTX. Robert W. Baird raised their target price on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group raised their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Susquehanna lifted their price objective on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Finally, Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.33.

Insiders Place Their Bets

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the transaction, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold 119,937 shares of company stock valued at $12,256,952 in the last 90 days. 0.13% of the stock is currently owned by 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.