RTX Co. (NYSE:RTX) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 19,052.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,043,239 shares of the company’s stock after buying an additional 1,037,792 shares during the period. Proficio Capital Partners LLC’s holdings in RTX were worth $120,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional lifted its stake in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after purchasing an additional 11,706 shares during the last quarter. National Pension Service lifted its stake in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company’s stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. LRI Investments LLC lifted its stake in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management acquired a new position in shares of RTX in the 3rd quarter valued at $1,307,000. Finally, Czech National Bank lifted its stake in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on RTX shares. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Price Performance

Shares of NYSE RTX opened at $130.49 on Friday. The stock’s 50-day moving average is $122.39 and its two-hundred day moving average is $121.24. 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 $88.95 and a 1-year high of $132.43. The company has a market cap of $173.83 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.93%. RTX’s payout ratio is currently 70.99%.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,334 shares of company stock worth $4,639,194. 0.13% of the stock is currently owned by insiders.

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.