Pioneer Trust Bank N A OR Buys 2,470 Shares of RTX Co. (NYSE:RTX)

Pioneer Trust Bank N A OR boosted its stake in shares of RTX Co. (NYSE:RTX) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,262 shares of the company’s stock after purchasing an additional 2,470 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in RTX were worth $3,388,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Jacobsen Capital Management boosted its holdings in shares of RTX by 3.0% during the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares during the last quarter. Diligent Investors LLC raised its position in shares of RTX by 1.4% in the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after acquiring an additional 118 shares during the period. Valley National Advisers Inc. raised its position in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. Kerntke Otto McGlone Wealth Management Group grew its stake in RTX by 2.1% during the 4th quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock valued at $514,000 after acquiring an additional 128 shares in the last quarter. Finally, Dempze Nancy E grew its stake in RTX by 0.5% during the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Insiders have sold a total of 135,618 shares of company stock valued at $13,397,978 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Citigroup lifted their target price on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna lifted their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Finally, Bank of America lifted their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.93.

RTX Price Performance

Shares of RTX stock traded up $1.80 during trading on Thursday, reaching $105.74. 6,670,075 shares of the company’s stock were exchanged, compared to its average volume of 8,030,289. The company has a market cap of $140.58 billion, a P/E ratio of 40.73, a PEG ratio of 1.83 and a beta of 0.84. RTX Co. has a 1-year low of $68.56 and a 1-year high of $105.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The firm’s 50-day moving average price is $97.48 and its 200 day moving average price is $89.21.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.38%. This is a positive change from RTX’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, May 16th. RTX’s dividend payout ratio (DPR) is presently 92.55%.

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.