Arete Wealth Advisors LLC Boosts Holdings in RTX Co. (NYSE:RTX)

Arete Wealth Advisors LLC grew its position in RTX Co. (NYSE:RTX - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,764 shares of the company's stock after acquiring an additional 3,999 shares during the quarter. Arete Wealth Advisors LLC's holdings in RTX were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RTX. Morse Asset Management Inc purchased a new stake in shares of RTX in the third quarter worth approximately $321,000. Redwood Investment Management LLC increased its stake in RTX by 4.0% in the third quarter. Redwood Investment Management LLC now owns 14,519 shares of the company's stock worth $1,748,000 after purchasing an additional 565 shares during the period. Quarry LP lifted its position in shares of RTX by 197.9% during the third quarter. Quarry LP now owns 846 shares of the company's stock worth $103,000 after purchasing an additional 562 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of RTX during the third quarter valued at $6,243,000. Finally, Stevens Capital Management LP purchased a new position in RTX in the 3rd quarter worth about $220,000. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

NYSE RTX opened at $117.43 on Friday. The firm's fifty day simple moving average is $129.05 and its two-hundred day simple moving average is $123.35. The firm has a market capitalization of $156.78 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58. 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 12-month low of $99.07 and a 12-month high of $136.17.

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RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is currently 70.99%.

Insider Buying and Selling

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 in the last three months. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RTX. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

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.

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