NorthCrest Asset Manangement LLC Has $25.17 Million Holdings in RTX Co. (NYSE:RTX)

NorthCrest Asset Manangement LLC increased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,531 shares of the company's stock after buying an additional 4,571 shares during the period. NorthCrest Asset Manangement LLC's holdings in RTX were worth $25,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 10Elms LLP acquired a new stake in shares of RTX in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new stake in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management grew its position in RTX by 2,944.4% in 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 position in shares of RTX during the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of RTX during the fourth quarter valued at about $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE:RTX traded up $1.63 during midday trading on Friday, reaching $136.43. The company's stock had a trading volume of 8,195,041 shares, compared to its average volume of 5,387,384. The business's fifty day simple moving average is $129.09 and its 200-day simple moving average is $125.17. 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 Co. has a fifty-two week low of $99.07 and a fifty-two week high of $138.82. The company has a market capitalization of $182.26 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, equities research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal 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 dividend of $0.68 per share. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.72 annualized dividend and a yield of 1.99%. RTX's dividend payout ratio is currently 79.77%.

Insider Buying and Selling at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 23rd. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Susquehanna cut their target price on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $159.82.

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.