1,886 Shares in RTX Co. (NYSE:RTX) Bought by PharVision Advisers LLC

PharVision Advisers LLC acquired a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,886 shares of the company's stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of RTX. NCM Capital Management LLC acquired a new position in shares of RTX in the 4th quarter valued at $841,000. Glen Eagle Advisors LLC raised its stake in shares of RTX by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 4,500 shares of the company's stock valued at $521,000 after buying an additional 1,097 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of RTX in the 4th quarter valued at $43,000. Principal Street Partners LLC raised its stake in shares of RTX by 3.4% in the 4th quarter. Principal Street Partners LLC now owns 3,321 shares of the company's stock valued at $384,000 after buying an additional 110 shares in the last quarter. Finally, Kinloch Capital LLC raised its stake in shares of RTX by 2.3% in the 4th quarter. Kinloch Capital LLC now owns 30,614 shares of the company's stock valued at $3,543,000 after buying an additional 688 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock worth $9,024,856 over the last ninety days. Insiders own 0.15% of the company's stock.

RTX Price Performance

NYSE RTX opened at $134.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $99.07 and a 12-month high of $138.82. The company has a market capitalization of $179.02 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The firm's 50 day moving average is $129.14 and its 200-day moving average is $124.63.

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

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.03%. RTX's dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. UBS Group increased their target price on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Susquehanna dropped their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $159.82.

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.

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