RTX Co. (NYSE:RTX) Shares Acquired by Americana Partners LLC

Americana Partners LLC increased its position in shares of RTX Co. (NYSE:RTX) by 1,171.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,502 shares of the company’s stock after purchasing an additional 183,812 shares during the quarter. RTX accounts for 0.9% of Americana Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Americana Partners LLC’s holdings in RTX were worth $23,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in RTX by 1.2% during the third quarter. Creative Planning now owns 490,632 shares of the company’s stock worth $59,445,000 after buying an additional 5,967 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of RTX by 6.9% in the third quarter. Stratos Wealth Partners LTD. now owns 52,162 shares of the company’s stock valued at $6,320,000 after purchasing an additional 3,378 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of RTX by 4.9% in the third quarter. Stratos Wealth Advisors LLC now owns 15,150 shares of the company’s stock valued at $1,836,000 after purchasing an additional 702 shares during the period. Net Worth Advisory Group purchased a new stake in RTX during the third quarter valued at about $251,000. Finally, Accurate Wealth Management LLC grew its position in RTX by 12.7% during the third quarter. Accurate Wealth Management LLC now owns 6,215 shares of the company’s stock valued at $777,000 after acquiring an additional 698 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at $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 is available through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Susquehanna boosted their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Down 2.5 %

NYSE:RTX opened at $122.68 on Monday. 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 Co. has a one year low of $88.90 and a one year high of $132.43. The business’s 50-day simple moving average is $120.79 and its 200 day simple moving average is $120.68. The stock has a market cap of $163.42 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

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.