Iron Gate Global Advisors LLC Increases Stock Holdings in RTX Co. (NYSE:RTX)

Iron Gate Global Advisors LLC lifted its position in RTX Co. (NYSE:RTX - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,224 shares of the company's stock after acquiring an additional 12,213 shares during the period. RTX accounts for approximately 2.6% of Iron Gate Global Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Iron Gate Global Advisors LLC's holdings in RTX were worth $18,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Morse Asset Management Inc purchased a new position in RTX during the 3rd quarter worth approximately $321,000. Tudor Financial Inc. purchased a new position in shares of RTX during the third quarter worth $797,000. World Investment Advisors LLC lifted its position in RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock valued at $4,944,000 after purchasing an additional 11,033 shares during the period. Sfmg LLC boosted its holdings in RTX by 4.7% in the third quarter. Sfmg LLC now owns 73,978 shares of the company's stock valued at $8,963,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in RTX by 365.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock worth $13,962,000 after purchasing an additional 90,499 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company's stock.

RTX Price Performance

RTX traded down $0.37 on Friday, hitting $128.89. 5,208,962 shares of the company's stock were exchanged, compared to its average volume of 5,478,735. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The stock has a market cap of $172.07 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.11 and a beta of 0.58. The firm has a 50-day moving average price of $128.59 and a 200-day moving average price of $123.80. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates 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 anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RTX. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $165.27.

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.