19,210 Shares in RTX Co. (NYSE:RTX) Acquired by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,210 shares of the company's stock, valued at approximately $2,407,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Fusion Capital LLC lifted its holdings in shares of RTX by 0.5% during the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after purchasing an additional 80 shares during the period. McDonough Capital Management Inc lifted its holdings in shares of RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after purchasing an additional 80 shares during the period. New England Professional Planning Group Inc. lifted its holdings in shares of RTX by 3.8% during the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after purchasing an additional 81 shares during the period. Pointe Capital Management LLC lifted its holdings in shares of RTX by 0.5% during the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock worth $2,047,000 after purchasing an additional 81 shares during the period. Finally, Avestar Capital LLC lifted its holdings in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock worth $1,752,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna increased their price objective on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $163.40.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX 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 completion of the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.13% of the company's stock.

RTX Price Performance

RTX stock traded up $0.35 during midday trading on Friday, reaching $128.63. 6,417,602 shares of the company were exchanged, compared to its average volume of 5,617,576. The company has a market capitalization of $171.35 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78. The firm's 50-day simple moving average is $124.02 and its 200-day simple moving average is $121.83. RTX Co. has a 1 year low of $89.44 and a 1 year high of $135.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

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 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%. On average, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

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

About RTX

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.