Legacy Solutions LLC Takes $287,000 Position in RTX Co. (NYSE:RTX)

Legacy Solutions LLC purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,479 shares of the company's stock, valued at approximately $287,000.

Several other institutional investors also recently modified their holdings of RTX. Atlas Legacy Advisors LLC bought a new position in RTX during the 4th quarter worth approximately $378,000. Bank of Jackson Hole Trust bought a new position in RTX during the fourth quarter worth $189,000. Ramsay Stattman Vela & Price Inc. lifted its holdings in RTX by 1.6% in the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company's stock valued at $1,195,000 after buying an additional 160 shares during the period. Creative Capital Management Investments LLC boosted its position in RTX by 49.4% during the fourth quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company's stock valued at $730,000 after acquiring an additional 2,086 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of RTX by 59.0% in the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company's stock valued at $409,000 after purchasing an additional 1,312 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded down $1.88 during trading hours on Friday, hitting $123.23. 4,845,158 shares of the company's stock traded hands, compared to its average volume of 4,781,505. The company has a fifty day simple moving average of $121.49 and a 200-day simple moving average of $120.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

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

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. 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 presently 70.99%.

Insider Activity

In other 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 sale, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America lifted their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and increased their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $163.07.

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.