Lifeworks Advisors LLC Has $360,000 Holdings in RTX Co. (NYSE:RTX)

Lifeworks Advisors LLC boosted its stake in RTX Co. (NYSE:RTX) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,110 shares of the company’s stock after purchasing an additional 152 shares during the period. Lifeworks Advisors LLC’s holdings in RTX were worth $360,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in RTX during the 4th quarter valued at approximately $216,340,000. Proficio Capital Partners LLC raised its holdings in RTX by 19,052.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company’s stock worth $120,724,000 after purchasing an additional 1,037,792 shares during the last quarter. Jennison Associates LLC lifted its position in shares of RTX by 190.7% in the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company’s stock worth $175,202,000 after purchasing an additional 993,273 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RTX shares. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $142.00 to $147.00 in a report on Monday, February 24th. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Trading Up 0.3 %

NYSE:RTX opened at $128.63 on Friday. RTX Co. has a one year low of $89.44 and a one year high of $135.36. The company has a market cap of $171.35 billion, a PE ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.78. 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 firm has a 50-day moving average of $124.02 and a 200-day moving average of $121.79.

RTX (NYSE:RTX) last issued its quarterly earnings data 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, equities research analysts expect that RTX Co. will post 6.11 EPS 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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

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.