RTX Co. (NYSE:RTX) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in RTX Co. (NYSE:RTX) by 79.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,426 shares of the company’s stock after acquiring an additional 143,914 shares during the period. Cibc World Markets Corp’s holdings in RTX were worth $37,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV increased its position in RTX by 1.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,379 shares of the company’s stock worth $1,201,000 after purchasing an additional 123 shares during the period. SlateStone Wealth LLC grew its stake in shares of RTX by 0.9% during the 4th quarter. SlateStone Wealth LLC now owns 85,904 shares of the company’s stock worth $9,941,000 after purchasing an additional 782 shares during the period. GWN Securities Inc. acquired a new position in shares of RTX during the 4th quarter worth $1,128,000. Harbour Investments Inc. grew its position in RTX by 1.7% during the fourth quarter. Harbour Investments Inc. now owns 19,965 shares of the company’s stock worth $2,310,000 after buying an additional 342 shares during the period. Finally, Tumwater Wealth Management LLC acquired a new position in RTX during the fourth quarter worth about $580,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were 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 represents a 39.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada increased 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. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Five equities research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.40.

RTX Trading Up 0.6 %

Shares of RTX stock opened at $130.00 on Monday. The stock has a market cap of $173.56 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a fifty-two week low of $92.35 and a fifty-two week high of $135.36. The firm’s 50 day moving average price is $125.33 and its two-hundred day moving average price is $122.17.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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%. On average, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

About RTX

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.