Whittier Trust Co. of Nevada Inc. Has $22.03 Million Holdings in RTX Co. (NYSE:RTX)

Whittier Trust Co. of Nevada Inc. grew its holdings in RTX Co. (NYSE:RTX - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 190,336 shares of the company's stock after buying an additional 9,904 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in RTX were worth $22,025,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC boosted its holdings in RTX by 27.8% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 8,022 shares of the company's stock valued at $928,000 after purchasing an additional 1,745 shares in the last quarter. Holderness Investments Co. boosted its stake in RTX by 2.4% in the 4th quarter. Holderness Investments Co. now owns 19,929 shares of the company's stock valued at $2,306,000 after buying an additional 462 shares in the last quarter. Symmetry Partners LLC grew its position in RTX by 21.4% in the fourth quarter. Symmetry Partners LLC now owns 2,260 shares of the company's stock valued at $262,000 after acquiring an additional 398 shares during the period. Berkeley Capital Partners LLC acquired a new position in RTX during the fourth quarter worth $1,203,000. Finally, iA Global Asset Management Inc. boosted its stake in shares of RTX by 104.9% in the 4th quarter. iA Global Asset Management Inc. now owns 44,535 shares of the company's stock valued at $5,154,000 after purchasing an additional 22,795 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.9 %

RTX traded up $1.15 during trading on Tuesday, reaching $135.84. 3,989,259 shares of the company's stock were exchanged, compared to its average volume of 5,370,216. The company's fifty day moving average price is $127.48 and its 200-day moving average price is $122.66. The firm has a market capitalization of $181.36 billion, a PE ratio of 38.26, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

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RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. As a group, equities analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company 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. This represents a $2.52 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Activity at RTX

In related 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 completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on RTX shares. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the stock a "positive" 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. Finally, UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

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.