Princeton Capital Management LLC Raises Position in RTX Co. (NYSE:RTX)

Princeton Capital Management LLC boosted its position in RTX Co. (NYSE:RTX) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,512 shares of the company’s stock after purchasing an additional 164 shares during the period. Princeton Capital Management LLC’s holdings in RTX were worth $291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Asset Management Inc. grew its stake in shares of RTX by 6.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock worth $7,846,000 after acquiring an additional 3,818 shares during the period. Larson Financial Group LLC lifted its holdings in RTX by 124.7% during the third quarter. Larson Financial Group LLC now owns 9,364 shares of the company’s stock valued at $1,134,000 after purchasing an additional 5,196 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in RTX by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 162,308 shares of the company’s stock worth $19,665,000 after purchasing an additional 13,800 shares during the period. Fisher Asset Management LLC raised its position in shares of RTX by 4.8% in the third 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 period. Finally, Douglass Winthrop Advisors LLC lifted its stake in shares of RTX by 4.2% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock valued at $761,000 after buying an additional 255 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at $3,771,880.44. The trade was a 39.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Up 1.8 %

Shares of NYSE:RTX opened at $134.76 on Tuesday. The firm has a fifty day moving average of $127.48 and a 200 day moving average of $122.66. RTX Co. has a 52-week low of $95.27 and a 52-week high of $135.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market capitalization of $179.92 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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, research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.87%. RTX’s payout ratio is 70.99%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.40.

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.