Hickory Point Bank & Trust Invests $292,000 in RTX Co. (NYSE:RTX)

Hickory Point Bank & Trust purchased a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,522 shares of the company’s stock, valued at approximately $292,000.

A number of other large investors have also modified their holdings of RTX. Principal Securities Inc. grew its stake in shares of RTX by 6.9% during the third quarter. Principal Securities Inc. now owns 30,926 shares of the company’s stock worth $3,747,000 after acquiring an additional 2,008 shares during the last quarter. Americana Partners LLC boosted its position in RTX by 1.1% in the third quarter. Americana Partners LLC now owns 15,690 shares of the company’s stock valued at $1,901,000 after buying an additional 173 shares during the last quarter. Weatherly Asset Management L. P. lifted its holdings in RTX by 7.6% in the third quarter. Weatherly Asset Management L. P. now owns 20,719 shares of the company’s stock valued at $2,510,000 after acquiring an additional 1,465 shares during the period. Farther Finance Advisors LLC lifted its holdings in RTX by 18.1% in the third quarter. Farther Finance Advisors LLC now owns 35,276 shares of the company’s stock valued at $4,274,000 after acquiring an additional 5,414 shares during the period. Finally, Phillips Wealth Planners LLC lifted its holdings in RTX by 7.7% in the third quarter. Phillips Wealth Planners LLC now owns 3,406 shares of the company’s stock valued at $430,000 after acquiring an additional 243 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.9 %

NYSE RTX opened at $133.02 on Friday. The business has a fifty day moving average price of $122.72 and a 200 day moving average price of $121.38. RTX Co. has a one year low of $88.95 and a one year high of $133.09. 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 company has a market cap of $177.19 billion, a P/E ratio of 37.47, a P/E/G ratio of 2.11 and a beta of 0.82.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Analyst Ratings Changes

A number of research analysts have issued reports on RTX shares. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 36,334 shares of company stock worth $4,639,194 in the last three months. 0.13% of the stock is owned by corporate insiders.

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.