Crestwood Advisors Group LLC Has $2.84 Million Position in RTX Co. (NYSE:RTX)

Crestwood Advisors Group LLC increased its position in shares of RTX Co. (NYSE:RTX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,522 shares of the company’s stock after acquiring an additional 170 shares during the period. Crestwood Advisors Group LLC’s holdings in RTX were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the last quarter. First American Bank lifted its position in shares of RTX by 1.9% during the 3rd quarter. First American Bank now owns 45,884 shares of the company’s stock worth $5,559,000 after buying an additional 867 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in RTX in the third quarter valued at about $423,000. Southern Capital Advisors LLC bought a new position in RTX in the third quarter valued at about $310,000. Finally, Smithbridge Asset Management Inc. DE raised its stake in RTX by 1.4% during the third quarter. Smithbridge Asset Management Inc. DE now owns 66,796 shares of the company’s stock worth $8,093,000 after acquiring an additional 939 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 1.7 %

Shares of RTX stock opened at $125.33 on Tuesday. The stock has a 50-day moving average of $121.64 and a 200-day moving average of $121.05. RTX Co. has a 1-year low of $88.95 and a 1-year high of $132.43. The stock has a market cap of $166.95 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.11 and a beta of 0.82. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insiders Place Their Bets

In other RTX 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RTX shares. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $142.00 to $147.00 in a report on Monday. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $163.40.

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.