Family Office Research LLC Takes Position in RTX Co. (NYSE:RTX)

Family Office Research LLC bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,350 shares of the company's stock, valued at approximately $2,355,000. RTX accounts for about 1.0% of Family Office Research LLC's holdings, making the stock its 17th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in RTX in the fourth quarter valued at $31,000. Picton Mahoney Asset Management lifted its stake in RTX by 2,944.4% during 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. Millstone Evans Group LLC acquired a new position in RTX in the fourth quarter valued at approximately $39,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter worth approximately $40,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Susquehanna increased their target price on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and upped their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

RTX Price Performance

RTX stock traded up $0.26 on Tuesday, reaching $129.40. 2,233,309 shares of the company's stock were exchanged, compared to its average volume of 5,486,582. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $128.56 and a 200-day moving average of $123.68. The firm has a market cap of $172.76 billion, a PE ratio of 36.45, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is currently 70.99%.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

RTX 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.