Beese Fulmer Investment Management Inc. Boosts Holdings in RTX Co. (NYSE:RTX)

Beese Fulmer Investment Management Inc. increased its stake in RTX Co. (NYSE:RTX) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 175,590 shares of the company’s stock after acquiring an additional 620 shares during the period. RTX comprises 1.7% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 15th largest position. Beese Fulmer Investment Management Inc.’s holdings in RTX were worth $20,319,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RTX. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of RTX by 4.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,284 shares of the company’s stock worth $17,159,000 after acquiring an additional 6,517 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in RTX by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,963,067 shares of the company’s stock worth $342,886,000 after purchasing an additional 25,407 shares in the last quarter. RNC Capital Management LLC lifted its position in RTX by 303.8% during the fourth quarter. RNC Capital Management LLC now owns 13,615 shares of the company’s stock valued at $1,576,000 after buying an additional 10,243 shares during the period. Leo Wealth LLC grew its position in shares of RTX by 147.5% in the 4th quarter. Leo Wealth LLC now owns 11,997 shares of the company’s stock worth $1,388,000 after buying an additional 7,149 shares during the period. Finally, Iron Horse Wealth Management LLC increased its stake in shares of 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 acquiring an additional 279 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

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

Analysts Set New Price Targets

A number of brokerages have weighed in on RTX. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Down 0.3 %

RTX stock opened at $128.80 on Friday. The stock has a market cap of $171.43 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a fifty day moving average of $119.87 and a 200 day moving average of $119.90. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX Co. will post 6.12 EPS for the current year.

RTX Announces Dividend

The company 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 $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 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.