3,268 Shares in RTX Co. (NYSE:RTX) Bought by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,268 shares of the company's stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in shares of RTX during the fourth quarter worth about $189,000. Ramsay Stattman Vela & Price Inc. grew its holdings in shares of RTX by 1.6% during the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company's stock worth $1,195,000 after purchasing an additional 160 shares during the last quarter. Creative Capital Management Investments LLC grew its holdings in shares of RTX by 49.4% during the fourth quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company's stock worth $730,000 after purchasing an additional 2,086 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of RTX by 59.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company's stock worth $409,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Empower Advisory Group LLC grew its holdings in shares of RTX by 7.3% during the fourth quarter. Empower Advisory Group LLC now owns 6,406 shares of the company's stock worth $741,000 after purchasing an additional 438 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on RTX shares. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company upped their target price on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average target price of $163.07.

RTX Stock Down 1.5 %

Shares of NYSE:RTX traded down $1.88 during trading on Friday, reaching $123.23. 4,845,158 shares of the stock were exchanged, compared to its average volume of 4,858,657. 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 Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The stock has a fifty day moving average of $121.49 and a two-hundred day moving average of $120.89. The firm has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX's payout ratio is 70.99%.

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.