RTX Co. (NYSE:RTX) Shares Purchased by Argyle Capital Management LLC

Argyle Capital Management LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,029 shares of the company’s stock after purchasing an additional 395 shares during the quarter. RTX accounts for approximately 2.0% of Argyle Capital Management LLC’s holdings, making the stock its 9th biggest position. Argyle Capital Management LLC’s holdings in RTX were worth $4,979,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new position in RTX during the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the 4th quarter valued at $40,000. Western Pacific Wealth Management LP acquired a new position in RTX during the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC raised its stake in RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 2.5 %

RTX opened at $130.49 on Friday. The firm’s 50-day simple moving average is $122.39 and its 200-day simple moving average is $121.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a twelve month low of $88.95 and a twelve month high of $132.43. The firm has a market cap of $173.83 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.93%. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,334 shares of company stock worth $4,639,194 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $163.40.

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.