NorthRock Partners LLC Has $3.01 Million Holdings in RTX Co. (NYSE:RTX)

NorthRock Partners LLC boosted its holdings in RTX Co. (NYSE:RTX - Free Report) by 207.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,998 shares of the company's stock after acquiring an additional 17,543 shares during the period. NorthRock Partners LLC's holdings in RTX were worth $3,008,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management raised its holdings 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 valued at $31,000 after buying an additional 265 shares during the last quarter. Greenline Partners LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX during the fourth quarter valued at approximately $40,000. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RTX shares. Royal Bank of Canada lowered their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna lowered their price objective 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. 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 note on Wednesday, April 23rd. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $159.82.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This trade represents a 25.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of RTX 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 sale, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,946 shares of company stock worth $9,024,856. Corporate insiders own 0.15% of the company's stock.

RTX Trading Down 0.1%

NYSE RTX traded down $0.15 on Friday, hitting $135.37. 4,774,229 shares of the stock were exchanged, compared to its average volume of 5,384,147. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.40. 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 company has a market capitalization of $180.85 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.11 and a beta of 0.60. The company's 50-day moving average price is $128.66 and its two-hundred day moving average price is $124.20.

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, topping 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 for the quarter, compared to analysts' expectations of $19.80 billion. Research analysts predict that RTX Co. will post 6.11 EPS 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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.01%. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. RTX's payout ratio is presently 79.77%.

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.