PFG Investments LLC boosted its stake in RTX Co. (NYSE:RTX - Free Report) by 192.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,149 shares of the company's stock after acquiring an additional 12,612 shares during the period. PFG Investments LLC's holdings in RTX were worth $1,868,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its position in RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company's stock valued at $10,077,000 after acquiring an additional 28,910 shares during the period. Rockline Wealth Management LLC acquired a new position in RTX in the 4th quarter valued at about $2,438,000. B&D White Capital Company LLC acquired a new position in RTX in the 3rd quarter valued at about $14,186,000. PDS Planning Inc acquired a new position in RTX during the 4th quarter worth approximately $356,000. Finally, Cullen Investment Group LTD. acquired a new position in RTX during the 4th quarter worth approximately $843,000. Institutional investors and hedge funds own 86.50% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 19th. Barclays boosted their target price on RTX from $75.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 30th. Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday. Robert W. Baird boosted their target price on RTX from $94.00 to $105.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, Susquehanna boosted their target price on RTX from $110.00 to $119.00 and gave the stock a "positive" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $96.27.
View Our Latest Report on RTX
RTX Price Performance
RTX stock traded down $0.30 on Friday, reaching $101.41. The company had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The company's fifty day moving average is $95.57 and its 200 day moving average is $87.71. The company has a market cap of $134.83 billion, a P/E ratio of 39.77, a PEG ratio of 1.84 and a beta of 0.88.
RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the prior year, the company earned $1.22 EPS. RTX's revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.
RTX Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors 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 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX's payout ratio is currently 92.55%.
Insider Activity at RTX
In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company's stock, valued at $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by corporate insiders.
About RTX
(
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.
Further Reading
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