RTX Co. (NYSE:RTX) Shares Purchased by JGP Wealth Management LLC

JGP Wealth Management LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 99,194 shares of the company’s stock after acquiring an additional 5,190 shares during the period. JGP Wealth Management LLC’s holdings in RTX were worth $8,346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Strengthening Families & Communities LLC acquired a new position in RTX during the 3rd quarter worth approximately $28,000. Quarry LP purchased a new stake in RTX during the 1st quarter worth approximately $28,000. Financial Gravity Asset Management Inc. increased its holdings in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares during the last quarter. Valley National Advisers Inc. increased its holdings in RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in RTX during the 3rd quarter worth approximately $35,000. 79.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on RTX. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. UBS Group lifted their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price target on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Barclays boosted their price target on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, Wells Fargo & Company upgraded RTX from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $120.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Hold” and an average target price of $94.18.

RTX Stock Performance

RTX stock traded up $0.51 during trading on Monday, reaching $93.44. 7,074,463 shares of the company’s stock were exchanged, compared to its average volume of 8,256,795. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The company’s fifty day moving average price is $89.65 and its 200-day moving average price is $82.83. The firm has a market cap of $124.24 billion, a PE ratio of 41.53, a P/E/G ratio of 1.67 and a beta of 0.87.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $19.74 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd will be issued a $0.59 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.53%. RTX’s dividend payout ratio (DPR) is 105.36%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other 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 sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

RTX Company 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.