Investment House LLC Buys 100 Shares of RTX Co. (NYSE:RTX)

Investment House LLC boosted its stake in RTX Co. (NYSE:RTX) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,740 shares of the company’s stock after purchasing an additional 100 shares during the period. Investment House LLC’s holdings in RTX were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RTX. Amundi grew its holdings in shares of RTX by 83.1% in the fourth quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after acquiring an additional 2,854,928 shares during the period. Assenagon Asset Management S.A. lifted its holdings in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after acquiring an additional 2,094,834 shares during the period. Capital Wealth Planning LLC bought a new stake in shares of RTX during the 4th quarter valued at about $216,340,000. Proficio Capital Partners LLC increased its position in shares of RTX by 19,052.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company’s stock valued at $120,724,000 after purchasing an additional 1,037,792 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of RTX by 190.7% in the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company’s stock worth $175,202,000 after purchasing an additional 993,273 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RTX shares. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $142.00 to $147.00 in a report on Monday, February 24th. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $166.40.

RTX Trading Up 2.1 %

Shares of RTX stock opened at $135.47 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $180.86 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $94.08 and a twelve month high of $136.01. The business has a 50-day moving average price of $126.43 and a 200-day moving average price of $122.39.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid 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 1.86%. RTX’s payout ratio is currently 70.99%.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 19,431 shares of the business’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 of the company’s stock, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last three months. Insiders own 0.15% of the company’s stock.

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.