RTX Co. (NYSE:RTX) Stock Position Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in RTX Co. (NYSE:RTX - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,346 shares of the company's stock after buying an additional 6,350 shares during the quarter. Vontobel Holding Ltd.'s holdings in RTX were worth $4,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX in the third quarter valued at $41,000. Modus Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX in the fourth quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock valued at $43,000 after acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Up 1.2 %

Shares of RTX stock traded up $1.50 during trading hours on Wednesday, reaching $125.26. The company had a trading volume of 5,122,524 shares, compared to its average volume of 4,826,260. 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 twelve month low of $88.90 and a twelve month high of $132.43. The company has a market capitalization of $166.87 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. The stock's fifty day simple moving average is $121.20 and its 200 day simple moving average is $120.80.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and increased their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $163.07.

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.