Private Advisor Group LLC Acquires 4,277 Shares of RTX Co. (NYSE:RTX)

Private Advisor Group LLC increased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,420 shares of the company's stock after purchasing an additional 4,277 shares during the period. Private Advisor Group LLC's holdings in RTX were worth $19,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legacy Solutions LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $287,000. Atlas Legacy Advisors LLC acquired a new stake in RTX in the 4th quarter valued at $378,000. Bank of Jackson Hole Trust acquired a new stake in RTX in the 4th quarter valued at $189,000. Ramsay Stattman Vela & Price Inc. boosted its stake in RTX by 1.6% in the 4th 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 in the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in RTX by 49.4% in the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company's stock valued at $730,000 after buying an additional 2,086 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group boosted their price target on RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price target on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Six research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.07.

RTX Trading Down 1.5 %

Shares of RTX traded down $1.88 during trading hours on Friday, hitting $123.23. 4,845,158 shares of the stock traded hands, compared to its average volume of 4,858,657. 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 Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The firm has a market capitalization of $164.16 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The business has a fifty day moving average of $121.49 and a 200-day moving average of $120.89.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Analysts expect that RTX Co. will post 6.11 EPS for the current 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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

About RTX

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.