Analyst IMS Investment Management Services Ltd. Increases Position in RTX Co. (NYSE:RTX)

Analyst IMS Investment Management Services Ltd. increased its stake in shares of RTX Co. (NYSE:RTX) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,079 shares of the company’s stock after buying an additional 762 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in RTX were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter worth approximately $29,000. Fairway Wealth LLC purchased a new stake in RTX during the fourth quarter worth $31,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX in the fourth quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RTX shares. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

Insider Activity at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last three months. 0.13% of the stock is owned by insiders.

RTX Trading Up 0.9 %

Shares of RTX opened at $129.14 on Friday. RTX Co. has a 12 month low of $91.05 and a 12 month high of $135.36. The stock’s 50-day moving average is $124.78 and its two-hundred day moving average is $122.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market cap of $172.03 billion, a PE ratio of 36.38, a P/E/G ratio of 2.11 and a beta of 0.78.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.