Advisors Capital Management LLC Increases Holdings in RTX Co. (NYSE:RTX)

Advisors Capital Management LLC boosted its position in shares of RTX Co. (NYSE:RTX - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,143 shares of the company's stock after buying an additional 3,809 shares during the quarter. Advisors Capital Management LLC's holdings in RTX were worth $44,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of RTX. Fairway Wealth LLC bought a new position in RTX during the 4th quarter valued at about $31,000. Picton Mahoney Asset Management grew its stake 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 buying an additional 265 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $39,000. Modus Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in RTX during the 4th quarter valued at $40,000. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on RTX shares. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.27.

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RTX Stock Down 0.4 %

RTX stock traded down $0.55 during trading hours on Tuesday, reaching $128.59. The stock had a trading volume of 6,314,415 shares, compared to its average volume of 5,486,108. The company has a market cap of $171.68 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.11 and a beta of 0.58. The business's 50 day moving average price is $128.55 and its 200-day moving average price is $123.71. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. 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 (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX's payout ratio is 70.99%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. 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 ninety days. 0.15% of the stock is 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.