RTX Co. (NYSE:RTX) Shares Purchased by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 162,224 shares of the company’s stock after purchasing an additional 12,213 shares during the quarter. RTX makes up about 2.6% of Iron Gate Global Advisors LLC’s holdings, making the stock its 12th largest position. Iron Gate Global Advisors LLC’s holdings in RTX were worth $18,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RTX. 1620 Investment Advisors Inc. lifted its position in RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock worth $1,401,000 after purchasing an additional 79 shares during the period. Fusion Capital LLC raised its stake in shares of RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock valued at $1,754,000 after buying an additional 80 shares in the last quarter. McDonough Capital Management Inc lifted its holdings in shares of RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company’s stock worth $603,000 after acquiring an additional 80 shares during the period. New England Professional Planning Group Inc. boosted its position in shares of RTX by 3.8% during the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock valued at $253,000 after acquiring an additional 81 shares in the last quarter. Finally, Pointe Capital Management LLC increased its stake in RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company’s stock valued at $2,047,000 after acquiring an additional 81 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of 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 three months, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by corporate insiders.

RTX Stock Down 0.4 %

Shares of NYSE:RTX opened at $128.59 on Wednesday. The company has a 50 day moving average price of $128.55 and a two-hundred day moving average price of $123.71. 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 company has a market capitalization of $171.68 billion, a PE ratio of 36.22, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RTX shares. Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird upgraded RTX from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.27.

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.