Larson Financial Group LLC Buys 3,993 Shares of RTX Co. (NYSE:RTX)

Larson Financial Group LLC raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,357 shares of the company's stock after purchasing an additional 3,993 shares during the quarter. Larson Financial Group LLC's holdings in RTX were worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Consolidated Planning Corp boosted its stake in shares of RTX by 17.8% in the 3rd quarter. Consolidated Planning Corp now owns 3,027 shares of the company's stock valued at $367,000 after purchasing an additional 458 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in RTX in the third quarter valued at approximately $88,000. Equitable Trust Co. grew its stake in shares of RTX by 3.9% during the third quarter. Equitable Trust Co. now owns 23,457 shares of the company's stock worth $2,842,000 after buying an additional 879 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of RTX during the third quarter worth $4,255,000. Finally, Windward Capital Management Co. CA lifted its stake in shares of RTX by 1.4% in the 3rd quarter. Windward Capital Management Co. CA now owns 147,472 shares of the company's stock valued at $17,868,000 after acquiring an additional 2,076 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.3 %

RTX traded up $0.35 during trading on Friday, hitting $128.63. The company's stock had a trading volume of 6,417,602 shares, compared to its average volume of 5,617,576. The firm has a market capitalization of $171.35 billion, a P/E ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $89.44 and a twelve month high of $135.36. 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's fifty day moving average price is $124.02 and its 200-day moving average price is $121.83.

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RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. Analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX's dividend payout ratio (DPR) is currently 70.99%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and raised their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $163.40.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm'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 owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.13% of the company's stock.

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.