Sage Investment Counsel LLC Invests $553,000 in RTX Co. (NYSE:RTX)

Sage Investment Counsel LLC acquired a new position in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,777 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $4,457,000. Mutual of America Capital Management LLC raised its stake in shares of RTX by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 168,020 shares of the company’s stock worth $19,443,000 after purchasing an additional 4,435 shares during the last quarter. Flputnam Investment Management Co. grew its holdings in shares of RTX by 9.7% in the fourth quarter. Flputnam Investment Management Co. now owns 76,883 shares of the company’s stock valued at $8,897,000 after acquiring an additional 6,819 shares in the last quarter. Tower Bridge Advisors grew its holdings in shares of RTX by 4.3% in the fourth quarter. Tower Bridge Advisors now owns 108,997 shares of the company’s stock valued at $12,613,000 after acquiring an additional 4,455 shares in the last quarter. Finally, Waterway Wealth Management LLC grew its holdings in shares of RTX by 12.1% in the fourth quarter. Waterway Wealth Management LLC now owns 1,958 shares of the company’s stock valued at $227,000 after acquiring an additional 211 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $133.02 on Friday. RTX Co. has a one year low of $88.95 and a one year high of $133.09. The business has a fifty day moving average price of $122.72 and a 200-day moving average price of $121.35. 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 firm has a market capitalization of $177.19 billion, a P/E ratio of 37.47, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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%. As a group, equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. This trade represents a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was 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 owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,334 shares of company stock valued at $4,639,194 over the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, UBS Group raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $142.00 to $147.00 in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.