Lathrop Investment Management Corp Has $8.07 Million Stock Holdings in RTX Co. (NYSE:RTX)

Lathrop Investment Management Corp trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,892 shares of the company’s stock after selling 1,459 shares during the quarter. RTX comprises 1.6% of Lathrop Investment Management Corp’s portfolio, making the stock its 29th biggest holding. Lathrop Investment Management Corp’s holdings in RTX were worth $8,068,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in RTX during the fourth quarter worth $25,000. Planned Solutions Inc. acquired a new position in RTX during the fourth quarter worth $30,000. Strengthening Families & Communities LLC acquired a new position in RTX during the third quarter worth $28,000. Financial Gravity Asset Management Inc. increased its position in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in RTX during the fourth quarter valued at about $38,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RTX shares. Bank of America upped their price target on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upped their price target 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. 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 report on Tuesday, March 19th. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of RTX in a report on Monday, April 1st. Finally, Royal Bank of Canada lifted their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Hold” and a consensus price target of $96.27.

Insider Buying and Selling

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 shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last quarter. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX traded down $0.30 during trading on Friday, reaching $101.41. The stock had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The business’s 50-day moving average price is $95.57 and its 200 day moving average price is $87.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. The stock has a market capitalization of $134.83 billion, a PE ratio of 39.76, a P/E/G ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. RTX’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 92.55%.

About RTX

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.