Vectors Research Management LLC Acquires 1,218 Shares of RTX Co. (NYSE:RTX)

Vectors Research Management LLC raised its stake in RTX Co. (NYSE:RTX) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,988 shares of the company’s stock after acquiring an additional 1,218 shares during the quarter. RTX comprises approximately 1.5% of Vectors Research Management LLC’s investment portfolio, making the stock its 16th biggest holding. Vectors Research Management LLC’s holdings in RTX were worth $4,396,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RTX. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management increased its stake in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the period. Millstone Evans Group LLC bought a new position in RTX in the fourth quarter valued at about $39,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in RTX during the 4th quarter worth about $40,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

RTX opened at $128.89 on Monday. The company has a market capitalization of $172.07 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.11 and a beta of 0.58. The business’s 50-day moving average price is $128.59 and its two-hundred day moving average price is $123.83. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. Equities analysts expect that RTX Co. will post 6.11 EPS for the current fiscal 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 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 1.96%. RTX’s dividend payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Finally, Susquehanna increased their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.27.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction that occurred on 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 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. Insiders sold 79,831 shares of company stock worth $10,309,302 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

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.