WoodTrust Financial Corp Purchases 385 Shares of RTX Co. (NYSE:RTX)

WoodTrust Financial Corp increased its position in shares of RTX Co. (NYSE:RTX) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,075 shares of the company’s stock after buying an additional 385 shares during the period. WoodTrust Financial Corp’s holdings in RTX were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings in RTX by 36.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after purchasing an additional 97,749 shares in the last quarter. PDS Planning Inc grew its position in shares of RTX by 10.3% during the 3rd quarter. PDS Planning Inc now owns 5,370 shares of the company’s stock worth $651,000 after buying an additional 503 shares during the period. ASB Consultores LLC increased its stake in shares of RTX by 35.4% in the 3rd quarter. ASB Consultores LLC now owns 4,542 shares of the company’s stock valued at $550,000 after acquiring an additional 1,187 shares in the last quarter. United Advisor Group LLC lifted its position in shares of RTX by 11.1% during the 3rd quarter. United Advisor Group LLC now owns 4,452 shares of the company’s stock valued at $539,000 after acquiring an additional 445 shares during the period. Finally, Pittenger & Anderson Inc. boosted its stake in RTX by 0.3% during the third quarter. Pittenger & Anderson Inc. now owns 45,232 shares of the company’s stock worth $5,480,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is owned by company insiders.

RTX Trading Down 3.9 %

Shares of RTX stock opened at $128.66 on Wednesday. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36. The company has a 50-day simple moving average of $123.30 and a two-hundred day simple moving average of $121.59. 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 $171.40 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results 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 return on equity of 12.45% and a net margin of 5.91%. Research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RTX shares. Royal Bank of Canada upped their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

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.