RPG Investment Advisory LLC Has $18.84 Million Holdings in RTX Co. (NYSE:RTX)

RPG Investment Advisory LLC lifted its position in RTX Co. (NYSE:RTX) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,765 shares of the company’s stock after acquiring an additional 598 shares during the period. RTX accounts for about 2.5% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 10th largest holding. RPG Investment Advisory LLC’s holdings in RTX were worth $18,835,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new position in RTX during the 4th quarter valued at approximately $40,000. Western Pacific Wealth Management LP bought a new position in RTX during the 3rd quarter valued at approximately $41,000. Finally, Iron Horse Wealth Management LLC increased its position in RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 279 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RTX. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Performance

RTX stock opened at $123.23 on Monday. The company has a market cap of $164.16 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s fifty day moving average price is $121.49 and its 200-day moving average price is $120.98.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.04%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.