Bank of Jackson Hole Trust Acquires New Stake in RTX Co. (NYSE:RTX)

Bank of Jackson Hole Trust acquired a new stake in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,637 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ramsay Stattman Vela & Price Inc. increased its position in RTX by 1.6% during the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company’s stock valued at $1,195,000 after buying an additional 160 shares in the last quarter. Creative Capital Management Investments LLC increased its position in RTX by 49.4% during the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company’s stock valued at $730,000 after buying an additional 2,086 shares in the last quarter. Venturi Wealth Management LLC increased its position in RTX by 59.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock valued at $409,000 after buying an additional 1,312 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of RTX by 7.3% in the 4th quarter. Empower Advisory Group LLC now owns 6,406 shares of the company’s stock worth $741,000 after purchasing an additional 438 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of RTX by 1.6% in the 4th quarter. CIBC Asset Management Inc now owns 250,975 shares of the company’s stock worth $29,043,000 after purchasing an additional 3,989 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.2 %

Shares of RTX stock opened at $125.26 on Thursday. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $121.20 and its two-hundred day simple moving average is $120.80. The company has a market cap of $166.87 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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 predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. RTX’s payout ratio is 70.99%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group lifted their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.