RTX Co. (NYSE:RTX) Position Boosted by Bison Wealth LLC

Bison Wealth LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,342 shares of the company’s stock after purchasing an additional 629 shares during the period. Bison Wealth LLC’s holdings in RTX were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its stake in RTX by 26.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after buying an additional 28,910 shares in the last quarter. Rockline Wealth Management LLC purchased a new stake in RTX during the fourth quarter valued at about $2,438,000. B&D White Capital Company LLC purchased a new stake in RTX during the third quarter valued at about $14,186,000. Hurlow Wealth Management Group Inc. purchased a new stake in RTX during the fourth quarter valued at about $206,000. Finally, Cape Cod Five Cents Savings Bank lifted its stake in RTX by 23.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 27,622 shares of the company’s stock valued at $1,988,000 after buying an additional 5,159 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on RTX shares. UBS Group upped their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Barclays increased their price target on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. TD Cowen increased their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Finally, Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.44.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at $4,608,209.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction 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 sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 over the last 90 days. Insiders own 0.13% of the company’s stock.

RTX Trading Down 0.1 %

Shares of RTX stock opened at $100.02 on Tuesday. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $93.79 and its two-hundred day moving average is $85.82. The company has a market cap of $132.99 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.36%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

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.