Lbp Am Sa Buys 71,918 Shares of RTX Co. (NYSE:RTX)

Lbp Am Sa grew its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 43.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 237,189 shares of the company's stock after acquiring an additional 71,918 shares during the period. Lbp Am Sa's holdings in RTX were worth $27,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter worth approximately $29,000. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth approximately $31,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new position in RTX in the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after buying an additional 279 shares during the period. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RTX. Wells Fargo & Company raised their price target on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus price target of $163.40.

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RTX Price Performance

Shares of NYSE:RTX opened at $129.14 on Friday. The stock has a market cap of $172.03 billion, a PE ratio of 36.38, a PEG ratio of 2.11 and a beta of 0.78. The company's fifty day moving average is $124.78 and its 200 day moving average is $122.01. RTX Co. has a 52 week low of $91.05 and a 52 week 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.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares of the company's stock, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. 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. 0.13% of the stock is currently owned by company insiders.

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.

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