Twin Capital Management Inc. Invests $417,000 in RTX Co. (NYSE:RTX)

Twin Capital Management Inc. bought a new position in RTX Co. (NYSE:RTX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,957 shares of the company’s stock, valued at approximately $417,000.

Other large investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its holdings in RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC purchased a new stake in RTX during the fourth quarter valued at approximately $2,438,000. B&D White Capital Company LLC purchased a new stake in RTX during the third quarter valued at approximately $14,186,000. Cullen Investment Group LTD. purchased a new stake in RTX during the fourth quarter valued at approximately $843,000. Finally, Hurlow Wealth Management Group Inc. purchased a new stake in RTX during the fourth quarter valued at approximately $206,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $101.57 on Friday. The stock has a 50-day simple moving average of $94.55 and a two-hundred day simple moving average of $86.44. The firm has a market capitalization of $135.05 billion, a P/E ratio of 45.34, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. On average, equities analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. RTX’s dividend payout ratio is presently 105.36%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Barclays lifted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird upped 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. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Finally, 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.44.

About RTX

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.