Private Trust Co. NA Buys 559 Shares of RTX Co. (NYSE:RTX)

Private Trust Co. NA raised its position in shares of RTX Co. (NYSE:RTX) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,236 shares of the company’s stock after acquiring an additional 559 shares during the period. Private Trust Co. NA’s holdings in RTX were worth $3,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pettyjohn Wood & White Inc. raised its position in RTX by 2.9% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 65,427 shares of the company’s stock worth $7,571,000 after purchasing an additional 1,827 shares during the period. Argyle Capital Management LLC grew its stake in shares of RTX by 0.9% during the fourth quarter. Argyle Capital Management LLC now owns 43,029 shares of the company’s stock valued at $4,979,000 after buying an additional 395 shares during the last quarter. Bouchey Financial Group Ltd raised its holdings in shares of RTX by 23.1% in the fourth quarter. Bouchey Financial Group Ltd now owns 2,533 shares of the company’s stock worth $293,000 after buying an additional 476 shares during the period. Fusion Capital LLC boosted its holdings in RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock valued at $1,754,000 after acquiring an additional 80 shares during the period. Finally, Fort Sheridan Advisors LLC grew its position in RTX by 7.7% in the 4th quarter. Fort Sheridan Advisors LLC now owns 20,890 shares of the company’s stock valued at $2,417,000 after acquiring an additional 1,493 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.5 %

NYSE RTX opened at $130.49 on Friday. The business’s fifty day simple moving average is $122.39 and its 200-day simple moving average is $121.24. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $173.83 billion, a PE ratio of 36.76, a P/E/G ratio of 2.11 and a beta of 0.82. RTX Co. has a 52 week low of $88.95 and a 52 week high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RTX shares. Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares of the company’s stock, valued at $3,771,880.44. The trade was a 39.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,334 shares of company stock valued at $4,639,194. Insiders own 0.13% of the company’s stock.

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.