Napatree Capital LLC Purchases 235 Shares of RTX Co. (NYSE:RTX)

Napatree Capital LLC grew its position in shares of RTX Co. (NYSE:RTX) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,451 shares of the company’s stock after purchasing an additional 235 shares during the quarter. Napatree Capital LLC’s holdings in RTX were worth $978,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RTX. Intech Investment Management LLC increased its position in shares of RTX by 32.7% during the 3rd quarter. Intech Investment Management LLC now owns 50,497 shares of the company’s stock valued at $6,118,000 after purchasing an additional 12,445 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in RTX during the 3rd quarter worth approximately $379,000. Pacer Advisors Inc. grew its position in RTX by 3.9% during the 3rd quarter. Pacer Advisors Inc. now owns 98,965 shares of the company’s stock worth $11,991,000 after acquiring an additional 3,676 shares during the last quarter. Eagle Asset Management Inc. grew its position in RTX by 6.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock worth $7,846,000 after acquiring an additional 3,818 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in RTX during the 3rd quarter worth approximately $849,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 1.6 %

Shares of NYSE RTX opened at $132.35 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s 50 day moving average price is $127.15 and its 200-day moving average price is $122.55. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. The company has a market cap of $176.70 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. On average, sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.90%. RTX’s payout ratio is currently 70.99%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTX. Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” 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 stock a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” 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 stock an “overweight” rating in a report on Thursday, January 30th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.40.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares of the company’s stock, valued at approximately $3,771,880.44. This trade represents a 39.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on 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 directly owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.15% of the stock is owned by company insiders.

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.