RTX Co. (NYSE:RTX) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its holdings in RTX Co. (NYSE:RTX - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,818 shares of the company's stock after acquiring an additional 5,869 shares during the period. Ashton Thomas Private Wealth LLC's holdings in RTX were worth $8,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RTX. CX Institutional grew its stake in shares of RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after purchasing an additional 11,706 shares in the last quarter. National Pension Service grew its stake in shares of RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after purchasing an additional 375,781 shares in the last quarter. LRI Investments LLC grew its stake in shares of RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new position in shares of RTX during the third quarter worth $1,307,000. Finally, Czech National Bank grew its stake in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

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RTX Stock Performance

Shares of NYSE:RTX traded up $0.35 on Friday, reaching $128.63. The company's stock had a trading volume of 6,417,602 shares, compared to its average volume of 5,617,576. The stock's 50-day moving average is $124.02 and its two-hundred day moving average is $121.83. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36. 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 $171.35 billion, a P/E ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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 forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 1.96%. RTX's dividend payout ratio is currently 70.99%.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price target on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.40.

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.