Bolthouse Investments LLC Takes Position in RTX Co. (NYSE:RTX)

Bolthouse Investments LLC bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,584 shares of the company's stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RTX. Fairway Wealth LLC acquired a new stake in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management lifted its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $39,000. Millstone Evans Group LLC acquired a new stake in shares of RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target for the company in a research note on Wednesday, April 23rd. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, UBS Group lifted their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of "Buy" and a consensus price target of $161.06.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by company insiders.

RTX Trading Down 0.1 %

Shares of RTX stock traded down $0.14 during midday trading on Wednesday, reaching $125.59. The company had a trading volume of 1,710,428 shares, compared to its average volume of 5,366,761. The stock has a fifty day moving average price of $128.32 and a 200 day moving average price of $123.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market cap of $167.78 billion, a PE ratio of 35.38, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 73.90%.

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.