Donaldson Capital Management LLC Has $36.90 Million Stake in RTX Co. (NYSE:RTX)

Donaldson Capital Management LLC grew its stake in RTX Co. (NYSE:RTX - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,907 shares of the company's stock after acquiring an additional 9,849 shares during the period. RTX accounts for about 1.4% of Donaldson Capital Management LLC's investment portfolio, making the stock its 28th biggest position. Donaldson Capital Management LLC's holdings in RTX were worth $36,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the third quarter worth about $29,000. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter worth about $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX in the fourth quarter worth about $40,000. Iron Horse Wealth Management LLC grew its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after buying an additional 279 shares during the period. Finally, BOK Financial Private Wealth Inc. grew its position in shares of RTX by 43.3% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 414 shares of the company's stock worth $48,000 after buying an additional 125 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.3 %

Shares of RTX stock traded down $0.36 on Tuesday, hitting $128.16. The company had a trading volume of 4,404,483 shares, compared to its average volume of 5,602,356. The stock has a 50-day moving average of $124.54 and a 200-day moving average of $121.97. 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 firm has a market capitalization of $170.73 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $89.44 and a twelve month high of $135.36.

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RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 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%. Research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX's dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction on 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 over the last ninety days. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company boosted their price objective on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $142.00 to $147.00 in a report on Monday, February 24th. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.