Signature Estate & Investment Advisors LLC Raises Holdings in RTX Co. (NYSE:RTX)

Signature Estate & Investment Advisors LLC lifted its stake in RTX Co. (NYSE:RTX) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,689 shares of the company’s stock after acquiring an additional 301 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in RTX were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Douglass Winthrop Advisors LLC lifted its stake in shares of RTX by 4.2% during the third quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock worth $761,000 after buying an additional 255 shares during the period. DRW Securities LLC lifted its position in RTX by 212.1% during the 3rd quarter. DRW Securities LLC now owns 11,092 shares of the company’s stock worth $1,343,000 after acquiring an additional 7,538 shares during the period. Boston Family Office LLC grew its stake in RTX by 18.6% during the 3rd quarter. Boston Family Office LLC now owns 9,199 shares of the company’s stock valued at $1,115,000 after purchasing an additional 1,441 shares during the last quarter. Truvestments Capital LLC purchased a new stake in RTX during the 3rd quarter valued at about $211,000. Finally, Diversified LLC increased its holdings in shares of RTX by 5.5% in the third quarter. Diversified LLC now owns 2,130 shares of the company’s stock valued at $258,000 after purchasing an additional 111 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on RTX. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Stock Up 0.9 %

NYSE RTX opened at $135.84 on Wednesday. The business has a fifty day moving average price of $127.81 and a 200 day moving average price of $122.79. 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 $181.36 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a one year low of $95.58 and a one year high of $135.94.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Research analysts anticipate 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 was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity

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 Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. This represents a 39.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

RTX 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.