UNIVEST FINANCIAL Corp Buys 148 Shares of RTX Co. (NYSE:RTX)

UNIVEST FINANCIAL Corp grew its stake in RTX Co. (NYSE:RTX) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,521 shares of the company’s stock after acquiring an additional 148 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in RTX were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. CX Institutional lifted its position in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after acquiring an additional 11,706 shares in the last quarter. National Pension Service raised its stake in shares of 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 last quarter. LRI Investments LLC lifted its holdings in shares of RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Czech National Bank boosted its position in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after buying an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in RTX by 370.3% in the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after buying an additional 4,151 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was 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 in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $134.46 on Thursday. The business’s 50-day simple moving average is $128.12 and its two-hundred day simple moving average is $122.87. RTX Co. has a 52 week low of $96.33 and a 52 week high of $136.17. The stock has a market cap of $179.52 billion, a PE ratio of 37.88, a P/E/G ratio of 2.11 and a beta of 0.78. 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 issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 annualized dividend and a yield of 1.87%. RTX’s payout ratio is 70.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RTX shares. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price 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.