Stephens Inc. AR Raises Stock Position in RTX Co. (NYSE:RTX)

Stephens Inc. AR lifted its stake in RTX Co. (NYSE:RTX) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,133 shares of the company’s stock after buying an additional 2,687 shares during the quarter. Stephens Inc. AR’s holdings in RTX were worth $11,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. LongView Wealth Management purchased a new stake in shares of RTX during the 3rd quarter worth approximately $218,000. Ritholtz Wealth Management raised its stake in RTX by 15.4% during the third quarter. Ritholtz Wealth Management now owns 25,662 shares of the company’s stock valued at $3,109,000 after purchasing an additional 3,420 shares in the last quarter. Carnegie Investment Counsel grew its stake in shares of RTX by 0.3% in the 3rd quarter. Carnegie Investment Counsel now owns 113,231 shares of the company’s stock worth $13,718,000 after buying an additional 362 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of RTX by 18.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 11,636 shares of the company’s stock worth $1,410,000 after buying an additional 1,790 shares during the last quarter. Finally, Ballew Advisors Inc bought a new position in shares of RTX in the 3rd quarter valued at about $220,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group increased their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.07.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $128.07 on Monday. The stock has a market capitalization of $170.60 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The stock has a fifty day simple moving average of $119.99 and a two-hundred day simple moving average of $120.28.

RTX (NYSE:RTX) last issued its earnings results 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%. On average, analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business 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 dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX’s dividend payout ratio is currently 70.99%.

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.