Farmers & Merchants Investments Inc. Has $13.64 Million Stock Position in RTX Co. (NYSE:RTX)

Farmers & Merchants Investments Inc. decreased its stake in shares of RTX Co. (NYSE:RTX) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,907 shares of the company’s stock after selling 251 shares during the period. Farmers & Merchants Investments Inc.’s holdings in RTX were worth $13,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its position in RTX by 8.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 125,244 shares of the company’s stock valued at $14,493,000 after buying an additional 10,007 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of RTX by 13.8% in the fourth quarter. Apollon Wealth Management LLC now owns 63,212 shares of the company’s stock valued at $7,315,000 after purchasing an additional 7,657 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in RTX by 0.4% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 170,243 shares of the company’s stock worth $19,701,000 after purchasing an additional 713 shares during the last quarter. Mezzasalma Advisors LLC grew its position in RTX by 26.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 3,380 shares of the company’s stock valued at $391,000 after purchasing an additional 710 shares in the last quarter. Finally, Vest Financial LLC lifted its position in RTX by 5.8% during the 4th quarter. Vest Financial LLC now owns 11,571 shares of the company’s stock worth $1,339,000 after buying an additional 631 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

RTX Trading Down 0.6 %

Shares of RTX stock opened at $128.07 on Friday. The firm’s 50-day moving average price is $119.99 and its two-hundred day moving average price is $120.07. The company has a market capitalization of $170.60 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX’s payout ratio is presently 70.99%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.