RTX Co. (NYSE:RTX) Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC lifted its position in RTX Co. (NYSE:RTXFree Report) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,196 shares of the company’s stock after acquiring an additional 200 shares during the period. Waters Parkerson & CO. LLC’s holdings in RTX were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RTX. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the third quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of RTX in the first quarter worth approximately $28,000. Legacy Financial Group LLC acquired a new position in RTX during the third quarter worth $35,000. VitalStone Financial LLC boosted its stake in RTX by 136.5% during the second quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock worth $36,000 after buying an additional 213 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new position in RTX during the third quarter worth $37,000. 79.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Morgan Stanley boosted their price objective on RTX from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 25th. UBS Group boosted their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Finally, Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.71.

View Our Latest Report on RTX

Insider Buying and Selling

In related news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders sold 2,224 shares of company stock valued at $205,448 in the last three months. 0.11% of the stock is owned by corporate insiders.

RTX Trading Down 0.1 %

Shares of RTX stock traded down $0.09 on Monday, hitting $90.42. The stock had a trading volume of 325,036 shares, compared to its average volume of 7,917,767. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The firm has a market capitalization of $119.97 billion, a P/E ratio of 40.41, a P/E/G ratio of 1.65 and a beta of 0.89. RTX Co. has a 1 year low of $68.56 and a 1 year high of $104.91. The company’s 50 day moving average price is $85.84 and its 200-day moving average price is $82.00.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Friday, February 23rd will be paid a dividend of $0.59 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.61%. RTX’s payout ratio is 105.36%.

RTX Profile

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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