Atlas Legacy Advisors LLC Invests $378,000 in RTX Co. (NYSE:RTX)

Atlas Legacy Advisors LLC acquired a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,268 shares of the company’s stock, valued at approximately $378,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new position in RTX during the 4th quarter valued at $189,000. Ramsay Stattman Vela & Price Inc. raised its stake in RTX by 1.6% during the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company’s stock valued at $1,195,000 after purchasing an additional 160 shares during the last quarter. Creative Capital Management Investments LLC raised its stake in RTX by 49.4% during the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company’s stock valued at $730,000 after purchasing an additional 2,086 shares during the last quarter. Venturi Wealth Management LLC raised its stake in RTX by 59.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock valued at $409,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Empower Advisory Group LLC raised its stake in RTX by 7.3% during the 4th quarter. Empower Advisory Group LLC now owns 6,406 shares of the company’s stock valued at $741,000 after purchasing an additional 438 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research note on Thursday, January 2nd. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, UBS Group increased their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Up 1.2 %

RTX opened at $125.26 on Thursday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The firm’s 50-day simple moving average is $121.20 and its 200-day simple moving average is $120.80. 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 firm has a market cap of $166.87 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.06 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 5.91% and a return on equity of 12.45%. Equities 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 $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

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.