RTX Co. (NYSE:RTX) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its position in shares of RTX Co. (NYSE:RTX) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 190,336 shares of the company’s stock after acquiring an additional 9,904 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in RTX were worth $22,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC lifted its position in RTX by 27.8% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,022 shares of the company’s stock worth $928,000 after acquiring an additional 1,745 shares during the period. Holderness Investments Co. lifted its holdings in shares of RTX by 2.4% in the 4th quarter. Holderness Investments Co. now owns 19,929 shares of the company’s stock valued at $2,306,000 after buying an additional 462 shares during the period. Symmetry Partners LLC lifted its holdings in shares of RTX by 21.4% in the 4th quarter. Symmetry Partners LLC now owns 2,260 shares of the company’s stock valued at $262,000 after buying an additional 398 shares during the period. Berkeley Capital Partners LLC acquired a new position in shares of RTX in the 4th quarter valued at about $1,203,000. Finally, iA Global Asset Management Inc. lifted its holdings in shares of RTX by 104.9% in the 4th quarter. iA Global Asset Management Inc. now owns 44,535 shares of the company’s stock valued at $5,154,000 after buying an additional 22,795 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. This represents a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RTX. JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $166.40.

RTX Price Performance

NYSE:RTX opened at $134.37 on Friday. RTX Co. has a 12 month low of $94.08 and a 12 month high of $135.74. The stock has a 50 day moving average of $126.80 and a two-hundred day moving average of $122.47. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a market cap of $179.40 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.88%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.