RTX Co. (NYSE:RTX) Shares Acquired by First Western Trust Bank

First Western Trust Bank increased its position in shares of RTX Co. (NYSE:RTX) by 27.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,981 shares of the company’s stock after purchasing an additional 2,360 shares during the quarter. First Western Trust Bank’s holdings in RTX were worth $1,271,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Broderick Brian C grew its holdings in shares of RTX by 0.3% during the fourth quarter. Broderick Brian C now owns 115,324 shares of the company’s stock worth $13,345,000 after buying an additional 313 shares in the last quarter. Prudential PLC lifted its stake in RTX by 84.2% in the 4th quarter. Prudential PLC now owns 63,717 shares of the company’s stock worth $7,373,000 after purchasing an additional 29,131 shares in the last quarter. Wescott Financial Advisory Group LLC grew its holdings in RTX by 3.3% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,963 shares of the company’s stock valued at $459,000 after buying an additional 125 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of RTX by 43.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company’s stock valued at $3,046,000 after purchasing an additional 7,987 shares during the period. Finally, Yoffe Investment Management LLC acquired a new stake in RTX during the fourth quarter worth about $357,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 2.3 %

RTX stock opened at $130.14 on Friday. RTX Co. has a fifty-two week low of $97.90 and a fifty-two week high of $136.17. The company’s 50 day moving average price is $129.21 and its 200 day moving average price is $123.36. The firm has a market capitalization of $173.75 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its earnings results 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%. On average, equities 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 $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RTX. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last ninety days. 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.