RTX Co. (NYSE:RTX) Stock Holdings Increased by Barnett & Company Inc.

Barnett & Company Inc. grew its position in shares of RTX Co. (NYSE:RTX) by 19.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,395 shares of the company’s stock after buying an additional 3,815 shares during the quarter. RTX comprises about 1.8% of Barnett & Company Inc.’s investment portfolio, making the stock its 17th largest position. Barnett & Company Inc.’s holdings in RTX were worth $2,707,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Millstone Evans Group LLC acquired a new stake in shares of RTX in the 4th quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the fourth quarter valued at approximately $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 1.6 %

Shares of RTX stock opened at $132.35 on Monday. 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 1 year low of $95.27 and a 1 year high of $135.74. The stock has a 50-day moving average price of $127.15 and a 200 day moving average price of $122.56. The company has a market cap of $176.70 billion, a P/E ratio of 37.28, a P/E/G ratio of 2.11 and a beta of 0.78.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.90%. RTX’s payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RTX shares. UBS Group raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $142.00 to $147.00 in a report on Monday, February 24th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

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.