RTX Co. (NYSE:RTX) Shares Acquired by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its position in shares of RTX Co. (NYSE:RTX) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,079 shares of the company’s stock after purchasing an additional 762 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in RTX were worth $472,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RTX. Wellington Shields Capital Management LLC lifted its stake in RTX by 2.2% during the 4th quarter. Wellington Shields Capital Management LLC now owns 26,818 shares of the company’s stock valued at $3,103,000 after acquiring an additional 588 shares during the period. King Wealth Management Group lifted its position in RTX by 2.2% during the fourth quarter. King Wealth Management Group now owns 4,523 shares of the company’s stock valued at $523,000 after purchasing an additional 98 shares during the period. Atala Financial Inc purchased a new stake in RTX in the fourth quarter valued at $499,000. LBP AM SA grew its position in RTX by 43.5% during the 4th quarter. LBP AM SA now owns 237,189 shares of the company’s stock worth $27,448,000 after purchasing an additional 71,918 shares during the period. Finally, Impact Capital Partners LLC purchased a new position in shares of RTX during the 4th quarter valued at about $333,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.9 %

RTX opened at $129.14 on Friday. The business’s 50-day simple moving average is $124.78 and its 200-day simple moving average is $122.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a one year low of $91.05 and a one year high of $135.36. The stock has a market capitalization of $172.03 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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%. Analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

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 given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.95%. RTX’s payout ratio is 70.99%.

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.