RTX Co. (NYSE:RTX) Position Boosted by Farmers Trust Co.

Farmers Trust Co. boosted its position in RTX Co. (NYSE:RTX) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,088 shares of the company’s stock after buying an additional 500 shares during the quarter. Farmers Trust Co.’s holdings in RTX were worth $674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. 10Elms LLP bought a new stake in shares of RTX in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new position in RTX in the fourth quarter worth $31,000. Picton Mahoney Asset Management increased its stake in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new stake in shares of RTX during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.5%

Shares of NYSE:RTX opened at $134.84 on Friday. The company has a 50 day moving average of $129.08 and a 200-day moving average of $125.03. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a market cap of $180.14 billion, a P/E ratio of 37.98, a P/E/G ratio of 2.11 and a beta of 0.60. RTX Co. has a twelve month low of $99.07 and a twelve month high of $139.92.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 2.02%. RTX’s dividend payout ratio is 79.77%.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president now directly owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RTX shares. Citigroup lowered their price objective on shares of RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. UBS Group upped their price objective on RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $159.82.

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.