Tandem Capital Management Corp ADV Buys 2,879 Shares of RTX Co. (NYSE:RTX)

Tandem Capital Management Corp ADV grew its position in shares of RTX Co. (NYSE:RTX) by 72.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,866 shares of the company’s stock after acquiring an additional 2,879 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in RTX were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in shares of RTX by 4.2% in the 1st quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock worth $9,186,520,000 after buying an additional 3,761,246 shares during the last quarter. Capital International Investors grew its stake in RTX by 4.8% in the 1st quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock valued at $6,670,523,000 after purchasing an additional 3,161,165 shares during the period. Marshall Wace LLP increased its position in shares of RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares during the last quarter. International Assets Investment Management LLC grew its position in RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in RTX by 47.9% during the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after buying an additional 792,830 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction on Monday, July 29th. The shares were 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 of the company’s stock, valued at $1,402,773.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,856 shares of company stock valued at $17,131,253. 0.13% of the stock is owned by company insiders.

RTX Trading Up 0.6 %

Shares of NYSE RTX traded up $0.77 during midday trading on Friday, hitting $125.94. 107,630 shares of the company traded hands, compared to its average volume of 6,729,812. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $167.44 billion, a P/E ratio of 49.09, a P/E/G ratio of 2.21 and a beta of 0.82. The stock has a 50-day moving average price of $121.59 and a 200 day moving average price of $111.12. RTX Co. has a 12-month low of $77.76 and a 12-month high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.5 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is currently 98.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RTX shares. Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Susquehanna boosted their price objective on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Morgan Stanley lifted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $168.56.

RTX 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.