SeaCrest Wealth Management LLC Raises Holdings in RTX Co. (NYSE:RTX)

SeaCrest Wealth Management LLC increased its position in RTX Co. (NYSE:RTX) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,917 shares of the company’s stock after purchasing an additional 1,223 shares during the period. SeaCrest Wealth Management LLC’s holdings in RTX were worth $1,530,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in RTX in the 4th quarter valued at $1,580,608,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of RTX by 87,932.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Boston Partners acquired a new position in RTX in the 3rd quarter valued at $355,350,000. Morgan Stanley increased its stake in shares of RTX by 11.3% during the fourth quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after acquiring an additional 3,104,282 shares during the period. Finally, Capital World Investors lifted its holdings in RTX by 32.8% in the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock valued at $904,564,000 after acquiring an additional 2,256,475 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Wells Fargo & Company raised RTX from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $120.00 in a research note on Thursday, March 14th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. TD Cowen boosted their price objective on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada lifted their target price on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $95.12.

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX traded up $0.11 during mid-day trading on Thursday, hitting $97.56. The company had a trading volume of 10,700,468 shares, compared to its average volume of 8,121,944. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The firm’s 50 day simple moving average is $91.16 and its two-hundred day simple moving average is $83.42. The stock has a market cap of $129.72 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 1.75 and a beta of 0.87.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. As a group, equities research analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. RTX’s dividend payout ratio is presently 105.36%.

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.