RTX Co. (NYSE:RTX) Stake Boosted by Hoey Investments Inc.

Hoey Investments Inc. grew its position in RTX Co. (NYSE:RTX) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,284 shares of the company’s stock after buying an additional 554 shares during the quarter. Hoey Investments Inc.’s holdings in RTX were worth $727,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RTX. Alliancebernstein L.P. boosted its stake in RTX by 22.2% in the 4th quarter. Alliancebernstein L.P. now owns 4,477,658 shares of the company’s stock worth $518,155,000 after purchasing an additional 813,629 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of RTX in the fourth quarter valued at $590,000. FSB Premier Wealth Management Inc. boosted its position in shares of RTX by 27.0% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,157 shares of the company’s stock worth $481,000 after buying an additional 885 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of RTX by 17.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 530,488 shares of the company’s stock valued at $61,388,000 after buying an additional 78,102 shares in the last quarter. Finally, RWA Wealth Partners LLC lifted its stake in RTX by 0.6% in the 4th quarter. RWA Wealth Partners LLC now owns 227,769 shares of the company’s stock worth $26,357,000 after acquiring an additional 1,371 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RTX shares. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Royal Bank of Canada boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, 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. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $166.40.

RTX Stock Down 1.3 %

RTX opened at $131.68 on Monday. RTX Co. has a twelve month low of $97.03 and a twelve month high of $136.17. 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 has a 50 day moving average price of $128.59 and a 200 day moving average price of $123.06. The firm has a market cap of $175.81 billion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.91%. RTX’s payout ratio is presently 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction 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 owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company’s stock.

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.