Tower Research Capital LLC TRC Has $8.17 Million Holdings in RTX Co. (NYSE:RTX)

Tower Research Capital LLC TRC boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 244.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,569 shares of the company's stock after purchasing an additional 50,060 shares during the quarter. Tower Research Capital LLC TRC's holdings in RTX were worth $8,166,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new position in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management raised its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at about $39,000. Millstone Evans Group LLC acquired a new stake in RTX during the fourth quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in RTX during the fourth quarter valued at about $40,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RTX shares. Susquehanna decreased their price objective on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $163.53.

RTX Stock Up 5.9 %

NYSE RTX traded up $6.75 on Wednesday, reaching $120.50. The company had a trading volume of 10,455,202 shares, compared to its average volume of 5,525,682. The company's fifty day moving average is $128.33 and its 200-day moving average is $123.77. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The firm has a market capitalization of $160.88 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX's payout ratio is presently 70.99%.

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.