Baxter Bros Inc. Has $11.83 Million Position in RTX Co. (NYSE:RTX)

Baxter Bros Inc. decreased its holdings in RTX Co. (NYSE:RTX) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,194 shares of the company’s stock after selling 1,596 shares during the period. RTX comprises 1.5% of Baxter Bros Inc.’s holdings, making the stock its 18th biggest position. Baxter Bros Inc.’s holdings in RTX were worth $11,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Potentia Wealth bought a new position in shares of RTX during the 4th quarter worth approximately $976,000. Ariadne Wealth Management LP raised its position in RTX by 4.0% in the 4th quarter. Ariadne Wealth Management LP now owns 2,271 shares of the company’s stock valued at $291,000 after buying an additional 87 shares during the last quarter. PKS Advisory Services LLC purchased a new position in RTX during the fourth quarter worth about $670,000. Signature Estate & Investment Advisors LLC lifted its holdings in RTX by 4.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 7,689 shares of the company’s stock worth $890,000 after acquiring an additional 301 shares during the period. Finally, Heritage Wealth Management Inc. CA grew its position in shares of RTX by 33.3% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 3,508 shares of the company’s stock valued at $406,000 after acquiring an additional 876 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Trading Up 1.8 %

Shares of RTX stock opened at $134.76 on Tuesday. The stock has a market capitalization of $179.92 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. The company has a 50 day moving average price of $127.48 and a 200 day moving average price of $122.66.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. Equities research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. 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 currently 70.99%.

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 that occurred on 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 completion of the sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by company insiders.

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.