Allied Investment Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,654 shares of the company's stock after buying an additional 2,940 shares during the period. RTX accounts for approximately 2.7% of Allied Investment Advisors LLC's holdings, making the stock its 8th biggest holding. Allied Investment Advisors LLC's holdings in RTX were worth $13,995,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. 10Elms LLP purchased a new stake in RTX during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in shares of RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management lifted its stake in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $39,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages recently commented on RTX. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. UBS Group raised their price target on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Susquehanna cut their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of "Buy" and a consensus target price of $159.82.
Read Our Latest Report on RTX
RTX Trading Up 0.0%
Shares of RTX stock traded up $0.06 on Tuesday, hitting $137.52. 3,492,136 shares of the company's stock traded hands, compared to its average volume of 5,374,097. The firm's 50-day moving average price is $129.15 and its two-hundred day moving average price is $125.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $183.72 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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 announced 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. The company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is a positive change 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 dividend yield of 1.98%. RTX's payout ratio is 79.77%.
RTX Company Profile
(
Free Report)
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.
Featured Stories
Before you consider RTX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RTX wasn't on the list.
While RTX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
