Great Lakes Advisors LLC Grows Stock Position in RTX Co. (NYSE:RTX)

Great Lakes Advisors LLC raised its position in RTX Co. (NYSE:RTX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,015,881 shares of the company's stock after purchasing an additional 26,630 shares during the period. RTX comprises about 1.0% of Great Lakes Advisors LLC's investment portfolio, making the stock its 23rd largest position. Great Lakes Advisors LLC owned about 0.08% of RTX worth $117,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX in the 3rd quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in RTX in the 4th quarter valued at about $31,000. Modus Advisors LLC purchased a new position in RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the 4th quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock valued at $43,000 after acquiring an additional 279 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was 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 owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is currently owned by insiders.

RTX Stock Performance

RTX stock opened at $128.16 on Wednesday. The stock has a market cap of $170.73 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $124.54 and a 200-day moving average of $121.97. RTX Co. has a 52 week low of $89.44 and a 52 week high of $135.36.

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RTX (NYSE:RTX - Get Free Report) last released its earnings results 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 return on equity of 12.45% and a net margin of 5.91%. On average, analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio (DPR) is currently 70.99%.

Analyst Ratings Changes

A number of research analysts have recently commented on RTX shares. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and upped their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $163.40.

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.

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