RTX Co. (NYSE:RTX) Position Increased by Emprise Bank

Emprise Bank raised its position in shares of RTX Co. (NYSE:RTX - Free Report) by 108.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,985 shares of the company's stock after buying an additional 7,796 shares during the period. RTX comprises about 1.1% of Emprise Bank's holdings, making the stock its 17th largest holding. Emprise Bank's holdings in RTX were worth $1,985,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of RTX during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the period. Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 23rd. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research note on Friday, April 25th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada lowered their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $159.82.

RTX Stock Up 1.2%

NYSE:RTX traded up $1.63 on Friday, reaching $136.43. The stock had a trading volume of 8,195,041 shares, compared to its average volume of 5,407,527. The company has a 50-day moving average of $129.09 and a 200 day moving average of $125.12. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $182.26 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a 12-month low of $99.07 and a 12-month high of $139.92.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates 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, research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is presently 79.77%.

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.