Annis Gardner Whiting Capital Advisors LLC Buys 565 Shares of RTX Co. (NYSE:RTX)

Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,384 shares of the company’s stock after buying an additional 565 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in RTX were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. 1620 Investment Advisors Inc. raised its position in shares of RTX by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock valued at $1,401,000 after purchasing an additional 79 shares during the last quarter. Fusion Capital LLC raised its holdings 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 buying an additional 80 shares during the last quarter. McDonough Capital Management Inc lifted its stake in shares of RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company’s stock worth $603,000 after buying an additional 80 shares during the period. New England Professional Planning Group Inc. grew its holdings in shares of RTX by 3.8% during the fourth 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. Finally, Pointe Capital Management LLC increased its position in shares of RTX by 0.5% in the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company’s stock valued at $2,047,000 after acquiring an additional 81 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE RTX opened at $117.43 on Friday. The stock has a market capitalization of $156.78 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.11 and a beta of 0.58. The stock has a 50-day moving average of $129.05 and a 200 day moving average of $123.35. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17.

RTX (NYSE:RTX) last announced its 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%. Sell-side 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 given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Transactions at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the business’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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RTX. Wells Fargo & Company boosted their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.40.

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.