14,352 Shares in RTX Co. (NYSE:RTX) Bought by ST. Nicholas Private Asset Management Inc.

ST. Nicholas Private Asset Management Inc. bought a new position in RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,352 shares of the company’s stock, valued at approximately $1,661,000. RTX accounts for 1.5% of ST. Nicholas Private Asset Management Inc.’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CX Institutional boosted its stake in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after purchasing an additional 11,706 shares during the period. LRI Investments LLC boosted its stake in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the last quarter. Napa Wealth Management acquired a new position in shares of RTX during the 3rd quarter worth about $1,307,000. Czech National Bank boosted its stake in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after buying an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in shares of RTX by 370.3% during the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after buying an additional 4,151 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 1.5 %

RTX stock opened at $123.23 on Friday. The stock has a market cap of $164.16 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company’s 50-day moving average price is $121.49 and its two-hundred day moving average price is $120.93.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

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 issued a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. RTX’s dividend payout ratio is presently 70.99%.

Analysts Set New Price Targets

RTX has been the subject of a number of recent research reports. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. UBS Group increased their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, January 2nd. Finally, Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.