RTX Co. (NYSE:RTX) Stake Increased by Callan Family Office LLC

Callan Family Office LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 568.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,467 shares of the company’s stock after purchasing an additional 35,261 shares during the quarter. Callan Family Office LLC’s holdings in RTX were worth $4,799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in RTX during the fourth quarter valued at approximately $40,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at approximately $41,000. Finally, Iron Horse Wealth Management LLC lifted its position in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Down 1.1 %

RTX stock opened at $128.27 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a 50-day moving average of $123.56 and a two-hundred day moving average of $121.65. The stock has a market capitalization of $170.87 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

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.