Bolthouse Investments LLC Invests $646,000 in RTX Co. (NYSE:RTX)

Bolthouse Investments LLC purchased a new stake in RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,584 shares of the company's stock, valued at approximately $646,000.

Several other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in RTX in the 4th quarter valued at about $1,745,644,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares in the last quarter. Amundi grew its stake in shares of RTX by 83.1% during the 4th 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after buying an additional 2,094,834 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new stake in RTX during the fourth quarter worth about $216,340,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 2.8 %

Shares of RTX stock traded up $3.46 during trading hours on Friday, hitting $125.43. 6,204,846 shares of the company's stock traded hands, compared to its average volume of 5,505,094. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17. The stock has a market cap of $167.46 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The stock's 50 day simple moving average is $128.31 and its 200 day simple moving average is $123.75.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.01%. RTX's payout ratio is 73.90%.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction 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 $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RTX. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research report on Friday. Susquehanna reduced their price target on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday. UBS Group upped their price objective on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and increased their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $161.38.

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.