RTX Co. (NYSE:RTX) Position Boosted by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC increased its holdings in RTX Co. (NYSE:RTX) by 0.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 35,015 shares of the company’s stock after purchasing an additional 305 shares during the quarter. RTX comprises about 0.9% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 22nd biggest holding. Arthur M. Cohen & Associates LLC’s holdings in RTX were worth $4,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. National Pension Service lifted its position in RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company’s stock worth $330,910,000 after purchasing an additional 375,781 shares during the period. Deutsche Bank AG lifted its position in RTX by 46.0% in the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock worth $344,075,000 after purchasing an additional 936,953 shares during the period. Archer Investment Corp lifted its position in RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after purchasing an additional 4,151 shares during the period. Thoroughbred Financial Services LLC lifted its position in RTX by 43.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company’s stock worth $3,046,000 after purchasing an additional 7,987 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in RTX in the fourth quarter worth approximately $3,356,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

RTX opened at $138.58 on Thursday. The stock has a fifty day moving average of $129.37 and a 200-day moving average of $125.48. The firm has a market capitalization of $185.14 billion, a P/E ratio of 39.04, a PEG ratio of 2.11 and a beta of 0.60. RTX Co. has a 12-month low of $99.07 and a 12-month high of $138.88. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. Equities analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio is 79.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RTX shares. Benchmark upgraded RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, May 14th. UBS Group increased their price objective on RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Buy” and an average price target of $159.82.

RTX 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.