Marietta Wealth Management LLC Grows Stock Holdings in RTX Co. (NYSE:RTX)

Marietta Wealth Management LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,322 shares of the company’s stock after acquiring an additional 2,357 shares during the period. Marietta Wealth Management LLC’s holdings in RTX were worth $5,412,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in RTX during the 1st quarter valued at about $28,000. Bear Mountain Capital Inc. bought a new position in shares of RTX in the fourth quarter valued at approximately $25,000. Planned Solutions Inc. bought a new stake in RTX during the 4th quarter worth approximately $30,000. Strengthening Families & Communities LLC purchased a new stake in RTX in the 3rd quarter worth approximately $28,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 1.1 %

Shares of NYSE RTX traded up $1.07 during trading hours on Tuesday, hitting $101.09. The company’s stock had a trading volume of 2,725,438 shares, compared to its average volume of 8,275,112. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The stock has a market cap of $134.41 billion, a price-to-earnings ratio of 44.65, a P/E/G ratio of 1.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The business has a 50-day simple moving average of $93.79 and a 200-day simple moving average of $85.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same period last year, the company earned $1.27 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio is 105.36%.

Insider Activity at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction dated 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 transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Barclays lifted their price target on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Finally, Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average price target of $94.44.

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.