Colonial River Investments LLC Acquires 109 Shares of RTX Co. (NYSE:RTX)

Colonial River Investments LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,539 shares of the company’s stock after acquiring an additional 109 shares during the quarter. Colonial River Investments LLC’s holdings in RTX were worth $525,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd boosted its holdings in shares of RTX by 6.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 29,400 shares of the company’s stock valued at $3,534,000 after buying an additional 1,831 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the last quarter. Smith Salley Wealth Management boosted its holdings in shares of RTX by 3.0% in the 3rd quarter. Smith Salley Wealth Management now owns 192,210 shares of the company’s stock valued at $23,288,000 after buying an additional 5,553 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of RTX by 1.2% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 86,214 shares of the company’s stock valued at $10,446,000 after buying an additional 1,046 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $1,689,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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 in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

RTX Stock Down 1.5 %

RTX stock opened at $123.23 on Monday. 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 capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82. The business’s fifty day moving average price is $121.49 and its two-hundred day moving average price is $120.98. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $163.07.

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.