Stanley Laman Group Ltd. Has $8.22 Million Holdings in RTX Co. (NYSE:RTX)

Stanley Laman Group Ltd. lifted its holdings in RTX Co. (NYSE:RTX) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 71,026 shares of the company’s stock after acquiring an additional 2,733 shares during the quarter. RTX accounts for approximately 1.1% of Stanley Laman Group Ltd.’s holdings, making the stock its 11th largest position. Stanley Laman Group Ltd.’s holdings in RTX were worth $8,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Castle Wealth Management LLC boosted its stake in shares of RTX by 5.0% in the 4th quarter. Castle Wealth Management LLC now owns 2,341 shares of the company’s stock valued at $271,000 after purchasing an additional 111 shares in the last quarter. Van ECK Associates Corp boosted its position in RTX by 30.0% during the 4th quarter. Van ECK Associates Corp now owns 2,310,221 shares of the company’s stock worth $267,339,000 after buying an additional 532,970 shares during the period. Allspring Global Investments Holdings LLC boosted its position in RTX by 6.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company’s stock worth $65,278,000 after buying an additional 32,024 shares during the period. Jmac Enterprises LLC boosted its position in RTX by 6.2% during the 4th quarter. Jmac Enterprises LLC now owns 5,146 shares of the company’s stock worth $595,000 after buying an additional 301 shares during the period. Finally, Kentucky Trust Co acquired a new stake in RTX during the 4th quarter worth approximately $2,471,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Down 1.8 %

Shares of RTX opened at $126.82 on Thursday. The business’s 50-day moving average price is $120.55 and its 200-day moving average price is $120.53. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The stock has a market cap of $168.94 billion, a PE ratio of 35.72, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.