10,349 Shares in RTX Co. (NYSE:RTX) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,349 shares of the company's stock, valued at approximately $1,198,000.

A number of other hedge funds have also added to or reduced their stakes in RTX. 10Elms LLP bought a new stake in shares of RTX during the 4th quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in RTX in the 4th quarter valued at about $31,000. Picton Mahoney Asset Management lifted its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Greenline Partners LLC bought a new stake in RTX in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX in the 4th quarter valued at $39,000. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Cowen restated a "buy" rating on shares of RTX in a research note on Friday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, RTX currently has a consensus rating of "Buy" and an average price target of $159.82.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,643 shares of company stock valued at $6,198,889. Insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded up $1.86 during midday trading on Tuesday, reaching $134.21. 5,160,033 shares of the company were exchanged, compared to its average volume of 5,395,785. RTX Co. has a one year low of $99.07 and a one year high of $138.82. The stock has a market cap of $179.30 billion, a P/E ratio of 37.81, a PEG ratio of 2.11 and a beta of 0.60. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average price is $129.07 and its 200-day moving average price is $124.83.

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

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio is 79.77%.

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.