Ieq Capital LLC Has $10.36 Million Position in RTX Co. (NYSE:RTX)

Ieq Capital LLC boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,530 shares of the company's stock after buying an additional 3,918 shares during the quarter. Ieq Capital LLC's holdings in RTX were worth $10,360,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new stake in RTX during the third quarter worth approximately $240,000. MFA Wealth Advisors LLC lifted its stake in shares of RTX by 29.8% in the third quarter. MFA Wealth Advisors LLC now owns 605 shares of the company's stock worth $73,000 after buying an additional 139 shares during the last quarter. McAdam LLC boosted its holdings in shares of RTX by 24.5% during the 3rd quarter. McAdam LLC now owns 4,511 shares of the company's stock worth $547,000 after buying an additional 889 shares during the period. International Assets Investment Management LLC grew its stake in RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock valued at $206,095,000 after buying an additional 1,686,007 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its holdings in RTX by 3.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 7,672 shares of the company's stock worth $930,000 after acquiring an additional 230 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and raised their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and increased their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $163.07.

RTX Price Performance

Shares of NYSE:RTX traded down $1.88 on Friday, hitting $123.23. The stock had a trading volume of 4,845,158 shares, compared to its average volume of 4,781,505. The company has a market capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm's 50 day moving average price is $121.38 and its 200-day moving average price is $120.83. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX's dividend 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.