RTX Co. (NYSE:RTX) Stock Holdings Increased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,067 shares of the company's stock after buying an additional 5,264 shares during the period. Benjamin Edwards Inc.'s holdings in RTX were worth $9,964,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Principal Financial Group Inc. raised its holdings in RTX by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,901,336 shares of the company's stock worth $230,366,000 after buying an additional 114,283 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of RTX by 12.0% during the fourth quarter. CWA Asset Management Group LLC now owns 39,313 shares of the company's stock valued at $4,549,000 after acquiring an additional 4,198 shares during the period. Iowa State Bank lifted its position in shares of RTX by 0.3% in the 4th quarter. Iowa State Bank now owns 35,413 shares of the company's stock valued at $4,098,000 after acquiring an additional 109 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in RTX in the 4th quarter worth approximately $224,000. Finally, Strathmore Capital Advisors Inc. purchased a new position in RTX during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last 90 days. 0.15% of the stock is currently owned by insiders.

RTX Stock Up 2.3 %

RTX opened at $130.30 on Monday. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business has a 50 day moving average price of $128.48 and a 200 day moving average price of $123.81. The firm has a market cap of $174.07 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 dividend yield of 2.09%. The ex-dividend date is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is currently 79.77%.

Analyst Ratings Changes

Several analysts have recently commented on RTX shares. Wells Fargo & Company raised their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 23rd. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $161.06.

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.

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