RTX Co. (NYSE:RTX) Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its holdings in RTX Co. (NYSE:RTX) by 11.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,537 shares of the company’s stock after buying an additional 682 shares during the quarter. PFG Investments LLC’s holdings in RTX were worth $550,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC purchased a new position in shares of RTX in the third quarter valued at $28,000. Quarry LP purchased a new position in shares of RTX in the first quarter valued at $28,000. Financial Gravity Asset Management Inc. boosted its stake in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the period. Valley National Advisers Inc. boosted its stake in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares during the period. Finally, Legacy Financial Group LLC purchased a new position in shares of RTX in the third quarter valued at $35,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RTX. Barclays upped their target price on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $78.00 to $100.00 in a research note on Thursday, January 25th. Wells Fargo & Company upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $100.00 to $120.00 in a research note on Thursday, March 14th. TD Cowen increased their price objective on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, UBS Group increased their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target of $95.12.

RTX Trading Up 1.4 %

RTX stock opened at $97.45 on Thursday. The firm’s 50-day moving average is $91.16 and its 200-day moving average is $83.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 1 year low of $68.56 and a 1 year high of $104.91. The company has a market cap of $129.57 billion, a P/E ratio of 43.50, a PEG ratio of 1.75 and a beta of 0.87.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter last year, the company earned $1.27 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 in the last quarter. Company insiders own 0.13% of the company’s stock.

About RTX

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.