Johnson Investment Counsel Inc. Raises Stake in RTX Co. (NYSE:RTX)

Johnson Investment Counsel Inc. lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,966 shares of the company's stock after purchasing an additional 4,142 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in RTX were worth $3,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. lifted its stake in RTX by 10.7% in the 3rd quarter. Assetmark Inc. now owns 143,375 shares of the company's stock valued at $17,371,000 after acquiring an additional 13,829 shares in the last quarter. Covestor Ltd lifted its stake in RTX by 48.4% in the 3rd quarter. Covestor Ltd now owns 1,325 shares of the company's stock valued at $160,000 after acquiring an additional 432 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in RTX by 49.2% in the 3rd quarter. Baker Avenue Asset Management LP now owns 9,280 shares of the company's stock valued at $1,124,000 after acquiring an additional 3,059 shares in the last quarter. Tyler Stone Wealth Management lifted its stake in RTX by 118.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 5,743 shares of the company's stock valued at $696,000 after acquiring an additional 3,108 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in RTX in the 3rd quarter valued at approximately $138,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.3 %

Shares of NYSE RTX traded down $0.36 during midday trading on Tuesday, hitting $128.16. 4,404,483 shares of the stock traded hands, compared to its average volume of 5,602,356. The company has a market cap of $170.73 billion, a PE ratio of 36.10, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a one year low of $89.44 and a one year high of $135.36. The business has a 50 day moving average price of $124.54 and a two-hundred day moving average price of $121.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

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

RTX Announces Dividend

The business 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 dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.97%. RTX's dividend payout ratio (DPR) is currently 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the business's 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 completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna upped their price objective on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company upped their price objective on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.40.

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.