Creative Capital Management Investments LLC Has $730,000 Stake in RTX Co. (NYSE:RTX)

Creative Capital Management Investments LLC lifted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,309 shares of the company's stock after buying an additional 2,086 shares during the period. RTX comprises 0.3% of Creative Capital Management Investments LLC's investment portfolio, making the stock its 20th biggest holding. Creative Capital Management Investments LLC's holdings in RTX were worth $730,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTX. Avestar Capital LLC increased its stake in RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock valued at $1,752,000 after purchasing an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC increased its stake in RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company's stock valued at $276,000 after purchasing an additional 85 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of RTX by 0.7% during the fourth quarter. Moloney Securities Asset Management LLC now owns 12,798 shares of the company's stock valued at $1,481,000 after acquiring an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company's stock valued at $62,000 after acquiring an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC boosted its holdings in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company's stock valued at $291,000 after acquiring an additional 86 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX traded down $1.88 on Friday, reaching $123.23. The company's stock had a trading volume of 4,845,158 shares, compared to its average volume of 4,781,505. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. The firm's 50 day moving average is $121.49 and its two-hundred day moving average is $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 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%. As a group, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 2.04%. RTX's payout ratio is presently 70.99%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTX. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada boosted 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. UBS Group boosted their price target on shares of RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report 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. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.07.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.