Intellectus Partners LLC Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Intellectus Partners LLC raised its position in RTX Co. (NYSE:RTX) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,475 shares of the company’s stock after buying an additional 302 shares during the period. Intellectus Partners LLC’s holdings in RTX were worth $797,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jacobsen Capital Management grew its stake in RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after acquiring an additional 114 shares during the period. Diligent Investors LLC lifted its stake in RTX by 1.4% in the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares in the last quarter. Valley National Advisers Inc. boosted its holdings 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. Dempze Nancy E increased its holdings in shares of RTX by 0.5% in the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after purchasing an additional 130 shares during the last quarter. Finally, Chicago Capital LLC lifted its position in RTX by 0.8% during the fourth quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock worth $1,330,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $101.41 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $95.57 and its 200-day simple moving average is $87.71. The firm has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same period last year, the firm earned $1.22 earnings per share. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s payout ratio is 92.55%.

Insider Activity at RTX

In related news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Barclays increased their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Robert W. Baird lifted their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen increased their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $96.27.

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.