Investors Research Corp Acquires 4,681 Shares of RTX Co. (NYSE:RTX)

Investors Research Corp boosted its holdings in shares of RTX Co. (NYSE:RTX) by 353.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,006 shares of the company’s stock after buying an additional 4,681 shares during the quarter. Investors Research Corp’s holdings in RTX were worth $505,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in shares of RTX during the 4th quarter worth $25,000. Strengthening Families & Communities LLC bought a new stake in shares of RTX in the 3rd quarter valued at about $28,000. Quarry LP bought a new position in shares of RTX during the 1st quarter worth approximately $28,000. Planned Solutions Inc. purchased a new stake in RTX during the fourth quarter valued at approximately $30,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $100.02 on Tuesday. 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 company has a 50 day moving average price of $93.79 and a 200-day moving average price of $85.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The firm has a market cap of $132.99 billion, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 earnings per share. Equities research analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 105.36%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RTX shares. Royal Bank of Canada increased their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Barclays upped their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Finally, TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, RTX presently has an average rating of “Hold” and an average target price of $94.44.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

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.