DCM Advisors LLC Buys 6,808 Shares of RTX Co. (NYSE:RTX)

DCM Advisors LLC boosted its position in shares of RTX Co. (NYSE:RTX - Free Report) by 19.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,996 shares of the company's stock after purchasing an additional 6,808 shares during the quarter. RTX comprises 2.3% of DCM Advisors LLC's holdings, making the stock its 19th biggest position. DCM Advisors LLC's holdings in RTX were worth $4,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Orion Capital Management LLC bought a new stake in shares of RTX in the 4th quarter valued at about $109,000. Novem Group bought a new stake in shares of RTX in the 4th quarter valued at $812,000. 10Elms LLP bought a new stake in RTX during the 4th quarter worth approximately $29,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in RTX by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 254,730 shares of the company's stock worth $29,477,000 after purchasing an additional 32,892 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of RTX by 37.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 17,569 shares of the company's stock worth $2,033,000 after acquiring an additional 4,811 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Wall Street Zen upgraded RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Wednesday, May 14th. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Vertical Research raised RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $159.82.

RTX Trading Up 0.7%

Shares of NYSE:RTX traded up $0.97 during midday trading on Tuesday, hitting $133.32. 1,601,962 shares of the stock traded hands, compared to its average volume of 5,381,958. The stock has a market capitalization of $178.10 billion, a PE ratio of 37.55, a P/E/G ratio of 2.11 and a beta of 0.60. The business's 50 day moving average is $129.07 and its two-hundred day moving average is $124.83. 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 one year low of $99.07 and a one year high of $138.82.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $19.80 billion. As a group, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.04%. RTX's dividend payout ratio is 79.77%.

Insider Buying and Selling at RTX

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

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.