AssuredPartners Investment Advisors LLC Acquires New Position in RTX Co. (NYSE:RTX)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,470 shares of the company's stock, valued at approximately $286,000.

A number of other hedge funds also recently modified their holdings of RTX. 1620 Investment Advisors Inc. lifted its position in RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares during the period. Fusion Capital LLC raised its stake in RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after buying an additional 80 shares during the last quarter. McDonough Capital Management Inc lifted its holdings in shares of RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock valued at $603,000 after buying an additional 80 shares during the period. New England Professional Planning Group Inc. boosted its stake in shares of RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after buying an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC grew its holdings in shares of RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock worth $2,047,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

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Insider Transactions at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred 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 approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. The trade was a 39.52 % 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 three months. Insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of RTX stock traded up $0.39 during trading hours on Tuesday, hitting $132.85. The stock had a trading volume of 4,798,756 shares, compared to its average volume of 5,629,090. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $177.36 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a one year low of $97.03 and a one year high of $136.17. The stock's 50-day moving average price is $128.96 and its two-hundred day moving average price is $123.24.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts forecast 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. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. RTX's payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.