RTX Co. (NYSE:RTX) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in RTX Co. (NYSE:RTX) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,172 shares of the company’s stock after buying an additional 1,498 shares during the quarter. New York Life Investment Management LLC’s holdings in RTX were worth $20,734,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at $180,000. Simmons Bank lifted its holdings in shares of RTX by 6.1% in the fourth quarter. Simmons Bank now owns 29,599 shares of the company’s stock valued at $3,425,000 after buying an additional 1,695 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of RTX by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 114,122 shares of the company’s stock valued at $13,206,000 after buying an additional 311 shares during the period. Pointe Capital Management LLC lifted its holdings in shares of RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company’s stock valued at $2,047,000 after buying an additional 81 shares during the period. Finally, Checchi Capital Advisers LLC lifted its holdings in shares of RTX by 1.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 14,666 shares of the company’s stock valued at $1,697,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Bank of America boosted their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Stock Performance

RTX opened at $127.30 on Thursday. The firm has a market capitalization of $169.58 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The stock’s 50 day moving average price is $122.09 and its two-hundred day moving average price is $121.17. 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 12-month low of $88.95 and a 12-month high of $132.43.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. On average, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

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.