Everett Harris & Co. CA Purchases 2,298 Shares of RTX Co. (NYSE:RTX)

Everett Harris & Co. CA grew its position in shares of RTX Co. (NYSE:RTX) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 85,761 shares of the company’s stock after buying an additional 2,298 shares during the quarter. Everett Harris & Co. CA’s holdings in RTX were worth $7,216,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RTX. Cantor Fitzgerald Investment Advisor L.P raised its stake in RTX by 94.5% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock worth $31,918,000 after buying an additional 156,550 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in RTX by 9.2% in the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after buying an additional 931 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after buying an additional 128 shares in the last quarter. AMI Investment Management Inc. raised its stake in RTX by 53.1% in the first quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock worth $3,517,000 after buying an additional 12,316 shares in the last quarter. Finally, LSV Asset Management raised its stake in RTX by 1.4% in the first quarter. LSV Asset Management now owns 141,700 shares of the company’s stock worth $14,038,000 after buying an additional 2,000 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, 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. In the last quarter, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

RTX Trading Up 0.1 %

Shares of RTX opened at $97.56 on Friday. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The company has a 50-day moving average of $91.41 and a 200 day moving average of $83.52. The firm has a market capitalization of $129.72 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 1.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.42%. RTX’s payout ratio is 105.36%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RTX shares. TD Cowen increased their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Robert W. Baird restated a “neutral” rating and issued a $94.00 price objective (up previously from $88.00) on shares of RTX in a report on Tuesday, January 16th. UBS Group upped their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. 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 report on Thursday, January 25th. Finally, TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Hold” and an average price target of $95.12.

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.