Allied Investment Advisors LLC Has $11.89 Million Stock Holdings in RTX Co. (NYSE:RTX)

Allied Investment Advisors LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,714 shares of the company’s stock after selling 95 shares during the period. RTX comprises about 2.4% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Allied Investment Advisors LLC’s holdings in RTX were worth $11,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atlas Legacy Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $378,000. Bank of Jackson Hole Trust bought a new position in shares of RTX during the 4th quarter valued at $189,000. Ramsay Stattman Vela & Price Inc. lifted its stake in shares of RTX by 1.6% in the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company’s stock valued at $1,195,000 after purchasing an additional 160 shares during the last quarter. Creative Capital Management Investments LLC lifted its stake in shares of RTX by 49.4% in the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company’s stock valued at $730,000 after purchasing an additional 2,086 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in RTX by 59.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock worth $409,000 after purchasing an additional 1,312 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $123.52 on Wednesday. The company has a market capitalization of $164.54 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.06 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 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. The stock has a 50 day moving average of $121.03 and a two-hundred day moving average of $120.77.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. UBS Group boosted their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Susquehanna boosted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Barclays raised their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.