Callan Family Office LLC Buys 35,261 Shares of RTX Co. (NYSE:RTX)

Callan Family Office LLC increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 568.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,467 shares of the company's stock after acquiring an additional 35,261 shares during the quarter. Callan Family Office LLC's holdings in RTX were worth $4,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in shares of RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock worth $286,845,000 after buying an additional 2,094,834 shares during the last quarter. Capital Wealth Planning LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $216,340,000. Proficio Capital Partners LLC grew its position in shares of RTX by 19,052.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company's stock worth $120,724,000 after buying an additional 1,037,792 shares during the last quarter. Jennison Associates LLC grew its position in shares of RTX by 190.7% in the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company's stock worth $175,202,000 after buying an additional 993,273 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after buying an additional 852,183 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Remove Ads

RTX Stock Performance

Shares of NYSE:RTX traded up $0.35 during midday trading on Friday, reaching $128.63. 6,417,602 shares of the company's stock traded hands, compared to its average volume of 5,617,576. The company has a market cap of $171.35 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a one year low of $89.44 and a one year high of $135.36. The stock has a 50 day moving average of $124.02 and a 200 day moving average of $121.83.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RTX shares. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating and lifted their price target for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.40.

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.