Enterprise Bank & Trust Co Has $1.22 Million Position in RTX Co. (NYSE:RTX)

Enterprise Bank & Trust Co raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 157.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,229 shares of the company's stock after purchasing an additional 5,650 shares during the quarter. Enterprise Bank & Trust Co's holdings in RTX were worth $1,222,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. 1620 Investment Advisors Inc. grew its stake in shares of RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after purchasing an additional 79 shares during the period. Fusion Capital LLC grew its stake in RTX by 0.5% in the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after acquiring an additional 80 shares during the period. McDonough Capital Management Inc grew its stake in RTX by 1.6% in the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock valued at $603,000 after acquiring an additional 80 shares during the period. New England Professional Planning Group Inc. grew its stake in RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after acquiring an additional 81 shares during the period. Finally, Pointe Capital Management LLC grew its stake in RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after acquiring an additional 81 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a report on Friday, April 25th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Susquehanna dropped their price objective on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Three 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $159.82.

RTX Price Performance

NYSE:RTX traded up $0.20 during trading hours on Thursday, reaching $138.75. 931,142 shares of the company were exchanged, compared to its average volume of 5,335,407. The business has a 50 day moving average of $129.37 and a 200 day moving average of $125.48. The company has a market capitalization of $185.36 billion, a P/E ratio of 39.08, a P/E/G ratio of 2.11 and a beta of 0.60. RTX Co. has a 1-year low of $99.07 and a 1-year high of $139.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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

RTX Increases Dividend

The firm also recently announced 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 represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 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.