RTX Co. (NYSE:RTX) Shares Acquired by LM Advisors LLC

LM Advisors LLC lifted its position in RTX Co. (NYSE:RTX) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,052 shares of the company’s stock after purchasing an additional 233 shares during the quarter. LM Advisors LLC’s holdings in RTX were worth $353,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. raised its holdings in shares of RTX by 2.6% in the fourth quarter. Howe & Rusling Inc. now owns 25,835 shares of the company’s stock valued at $2,990,000 after buying an additional 643 shares during the last quarter. AssuredPartners Investment Advisors LLC purchased a new stake in RTX during the 4th quarter valued at approximately $286,000. NEOS Investment Management LLC raised its stake in RTX by 8.3% during the 4th quarter. NEOS Investment Management LLC now owns 72,269 shares of the company’s stock valued at $8,363,000 after acquiring an additional 5,536 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in RTX by 2.9% during the 4th quarter. UniSuper Management Pty Ltd now owns 692,900 shares of the company’s stock worth $80,182,000 after acquiring an additional 19,321 shares during the period. Finally, Elo Mutual Pension Insurance Co purchased a new position in shares of RTX in the 4th quarter valued at approximately $14,048,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX stock opened at $133.43 on Friday. The stock has a fifty day moving average price of $128.38 and a 200 day moving average price of $122.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $178.14 billion, a PE ratio of 37.59, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 1 year low of $97.03 and a 1 year high of $136.17.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.89%. RTX’s dividend payout ratio (DPR) is 70.99%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.40.

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.