Aptus Capital Advisors LLC boosted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 123.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,253 shares of the company's stock after acquiring an additional 23,878 shares during the quarter. Aptus Capital Advisors LLC's holdings in RTX were worth $5,005,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. 1620 Investment Advisors Inc. grew its holdings in RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares during the period. Fusion Capital LLC grew its stake in RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after acquiring an additional 80 shares during the period. McDonough Capital Management Inc raised its position in RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after acquiring an additional 80 shares during the period. New England Professional Planning Group Inc. lifted its holdings in RTX by 3.8% during the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after purchasing an additional 81 shares in the last quarter. Finally, Pointe Capital Management LLC grew its position in shares of RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Trading Down 0.4 %
Shares of NYSE:RTX traded down $0.56 during mid-day trading on Wednesday, reaching $127.60. 4,029,017 shares of the company were exchanged, compared to its average volume of 5,425,331. The firm has a market cap of $170.47 billion, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.11 and a beta of 0.60. 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 1 year low of $99.07 and a 1 year high of $136.17. The firm's 50-day simple moving average is $128.35 and its 200 day simple moving average is $123.89.
RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.
RTX Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.
Insider Buying and Selling at RTX
In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the sale, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. The trade was a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,800 shares of company stock valued at $8,496,076 in the last 90 days. Company insiders own 0.15% of the company's stock.
Wall Street Analyst Weigh In
RTX has been the topic of several research analyst reports. StockNews.com upgraded RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Susquehanna reduced their price objective on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Citigroup dropped their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Bank of America boosted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Buy" and a consensus price target of $161.06.
Check Out Our Latest Stock Analysis on RTX
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.
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