GR Financial Group LLC Has $1.43 Million Position in RTX Co. (NYSE:RTX)

GR Financial Group LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,388 shares of the company’s stock after acquiring an additional 212 shares during the quarter. RTX comprises approximately 0.2% of GR Financial Group LLC’s holdings, making the stock its 4th largest holding. GR Financial Group LLC’s holdings in RTX were worth $1,434,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Fusion Capital LLC lifted its position in shares of RTX by 0.5% in the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock worth $1,754,000 after purchasing an additional 80 shares in the last quarter. New England Professional Planning Group Inc. increased its stake in RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock valued at $253,000 after buying an additional 81 shares during the last quarter. Pointe Capital Management LLC lifted its position in RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company’s stock worth $2,047,000 after buying an additional 81 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares during the last quarter. Finally, Arbor Wealth Advisors LLC grew its holdings in shares of RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. Company insiders own 0.13% of the company’s stock.

RTX Trading Up 0.5 %

Shares of NYSE:RTX opened at $133.68 on Tuesday. RTX Co. has a 12-month low of $89.14 and a 12-month high of $135.36. The business has a 50 day moving average of $123.06 and a 200-day moving average of $121.52. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $178.08 billion, a PE ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82.

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

RTX Dividend Announcement

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $142.00 to $147.00 in a report on Monday, February 24th. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

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.