Obermeyer Wood Investment Counsel Lllp Buys 247,694 Shares of RTX Co. (NYSE:RTX)

Obermeyer Wood Investment Counsel Lllp grew its holdings in RTX Co. (NYSE:RTX - Free Report) by 2,221.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 258,846 shares of the company's stock after purchasing an additional 247,694 shares during the quarter. RTX comprises about 1.5% of Obermeyer Wood Investment Counsel Lllp's investment portfolio, making the stock its 24th largest position. Obermeyer Wood Investment Counsel Lllp's holdings in RTX were worth $21,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RTX. Bear Mountain Capital Inc. acquired a new position in RTX in the fourth quarter worth $25,000. Strengthening Families & Communities LLC acquired a new position in RTX in the third quarter worth $28,000. Quarry LP acquired a new position in RTX in the first quarter worth $28,000. Planned Solutions Inc. acquired a new position in RTX in the fourth quarter worth $30,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company's stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RTX shares. UBS Group upped their price target on RTX from $93.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. TheStreet raised RTX from a "c" rating to a "b-" rating in a research note on Tuesday, January 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Bank of America raised RTX from an "underperform" rating to a "neutral" rating and upped their price target for the company from $78.00 to $100.00 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada increased their target price on RTX from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $94.44.

RTX Stock Down 0.0 %

Shares of NYSE:RTX traded down $0.04 during trading on Thursday, hitting $100.71. 4,237,969 shares of the company were exchanged, compared to its average volume of 8,241,821. The stock has a market cap of $133.91 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $94.13 and a two-hundred day moving average price of $86.13. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to analysts' expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. As a group, research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX's dividend payout ratio is currently 105.36%.

Insider Buying and Selling at RTX

In other news, COO Christopher T. Calio sold 367 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company's stock, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, COO Christopher T. Calio sold 367 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 over the last quarter. 0.13% of the stock is currently owned by insiders.

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.

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