F M Investments LLC Purchases 11,863 Shares of RTX Co. (NYSE:RTX)

F M Investments LLC lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,520 shares of the company's stock after purchasing an additional 11,863 shares during the quarter. F M Investments LLC's holdings in RTX were worth $11,632,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. CX Institutional increased its position 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 raised its holdings in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after acquiring an additional 375,781 shares during the last quarter. Czech National Bank boosted its holdings in shares of RTX by 6.5% during the 4th 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 during the last quarter. Archer Investment Corp grew its position in shares of RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Optas LLC increased its stake in shares of RTX by 114.5% in the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after acquiring an additional 3,770 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently issued reports on RTX. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Vertical Research raised RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and lifted their price objective for the company from $131.00 to $140.00 in a research note 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 stock an "outperform" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.73.

RTX Trading Up 0.2 %

Shares of NYSE RTX traded up $0.28 during midday trading on Monday, hitting $128.54. The stock had a trading volume of 1,116,730 shares, compared to its average volume of 5,487,777. The company has a fifty day moving average price of $128.56 and a 200 day moving average price of $123.62. The company has a market capitalization of $171.61 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.11 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17.

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, topping 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%. On average, analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.96%. RTX's dividend payout ratio (DPR) is 70.99%.

Insider Activity at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The shares were 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 directly 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 SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.15% of the stock is owned by insiders.

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.