634 Shares in RTX Co. (NYSE:RTX) Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich acquired a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 634 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. RKL Wealth Management LLC bought a new position in RTX in the fourth quarter worth approximately $312,000. Machina Capital S.A.S. bought a new stake in RTX during the 4th quarter valued at $1,310,000. Aviance Capital Partners LLC boosted its position in RTX by 6.7% during the 4th quarter. Aviance Capital Partners LLC now owns 5,334 shares of the company’s stock valued at $617,000 after acquiring an additional 334 shares in the last quarter. Oak Hill Wealth Advisors LLC boosted its position in RTX by 206.1% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 5,211 shares of the company’s stock valued at $603,000 after acquiring an additional 10,123 shares in the last quarter. Finally, Berkshire Asset Management LLC PA bought a new stake in RTX during the 4th quarter valued at $2,407,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $128.16 on Wednesday. The firm has a market capitalization of $170.73 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. 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 business has a fifty day moving average of $124.54 and a 200 day moving average of $121.97. RTX Co. has a 1 year low of $89.44 and a 1 year high of $135.36.

RTX (NYSE:RTX) last released its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. RTX’s payout ratio is currently 70.99%.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Susquehanna increased their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

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.