RTX Co. (NYSE:RTX) Shares Bought by Capital Analysts LLC

Capital Analysts LLC increased its holdings in RTX Co. (NYSE:RTX - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,443 shares of the company's stock after purchasing an additional 3,275 shares during the period. RTX accounts for 0.7% of Capital Analysts LLC's holdings, making the stock its 28th biggest holding. Capital Analysts LLC's holdings in RTX were worth $16,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management increased its position in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Modus Advisors LLC purchased a new stake in RTX during the fourth quarter valued at $39,000. Millstone Evans Group LLC purchased a new stake in RTX during the fourth quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in RTX during the fourth quarter valued at $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 2.8 %

RTX stock traded up $3.46 during mid-day trading on Friday, reaching $125.43. The company had a trading volume of 6,204,846 shares, compared to its average volume of 5,505,094. The firm has a 50 day moving average of $128.31 and a 200 day moving average of $123.75. 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 12 month low of $99.07 and a 12 month high of $136.17. The company has a market capitalization of $167.46 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. On average, equities analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is 73.90%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a report on Wednesday. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, UBS Group raised their price target on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, RTX currently has an average rating of "Buy" and an average price target of $161.38.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX 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 transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 of the company's stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

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.