RTX Co. (NYSE:RTX) Shares Acquired by Anchor Investment Management LLC

Anchor Investment Management LLC grew its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,325 shares of the company's stock after purchasing an additional 3,262 shares during the period. Anchor Investment Management LLC's holdings in RTX were worth $2,121,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RTX. LaSalle St. Investment Advisors LLC grew its holdings in shares of RTX by 8.4% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 2,759 shares of the company's stock worth $319,000 after acquiring an additional 214 shares during the period. XTX Topco Ltd purchased a new stake in shares of RTX in the 4th quarter worth about $2,786,000. Belpointe Asset Management LLC grew its stake in RTX by 2.9% in the 4th quarter. Belpointe Asset Management LLC now owns 28,129 shares of the company's stock valued at $3,469,000 after acquiring an additional 783 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in RTX by 13.2% during the 4th quarter. CreativeOne Wealth LLC now owns 20,463 shares of the company's stock valued at $2,368,000 after acquiring an additional 2,391 shares in the last quarter. Finally, Mariner LLC raised its position in RTX by 3.4% during the fourth quarter. Mariner LLC now owns 387,389 shares of the company's stock worth $44,828,000 after acquiring an additional 12,778 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.3 %

Shares of NYSE RTX traded down $0.37 during midday trading on Friday, hitting $128.89. The stock had a trading volume of 5,208,962 shares, compared to its average volume of 5,464,237. 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 1-year low of $99.07 and a 1-year high of $136.17. The company has a market capitalization of $172.07 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.11 and a beta of 0.58. The company has a fifty day moving average price of $128.59 and a 200 day moving average price of $123.83.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction 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 directly owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % 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 over the last quarter. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on RTX. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average target price of $165.27.

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.