RTX Co. (NYSE:RTX) Shares Acquired by Carret Asset Management LLC

Carret Asset Management LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,743 shares of the company’s stock after purchasing an additional 386 shares during the period. Carret Asset Management LLC’s holdings in RTX were worth $1,661,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new position in RTX during the 4th quarter worth $25,000. Strengthening Families & Communities LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $28,000. Planned Solutions Inc. acquired a new position in shares of RTX in the 4th quarter valued at about $30,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of 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 buying an additional 345 shares during the period. Finally, Valley National Advisers Inc. boosted its holdings in shares of RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock traded up $0.54 during mid-day trading on Thursday, reaching $101.56. The company’s stock had a trading volume of 1,716,950 shares, compared to its average volume of 8,174,252. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a market cap of $135.04 billion, a P/E ratio of 39.62, a PEG ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The firm’s 50-day moving average is $95.16 and its two-hundred day moving average is $87.21.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. On average, research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is currently 92.55%.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RTX. Barclays lifted their price target on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. UBS Group boosted their target price on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada upped their price target on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $96.27.

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.