Bigelow Investment Advisors LLC Grows Position in RTX Co. (NYSE:RTX)

Bigelow Investment Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,523 shares of the company’s stock after purchasing an additional 238 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in RTX were worth $1,306,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in RTX in the first quarter worth $28,000. Bear Mountain Capital Inc. purchased a new stake in RTX in the fourth quarter worth $25,000. Planned Solutions Inc. purchased a new stake in RTX in the fourth quarter worth $30,000. Strengthening Families & Communities LLC purchased a new stake in RTX in the third quarter worth $28,000. Finally, Financial Gravity Asset Management Inc. lifted its stake in RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

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

RTX Price Performance

NYSE:RTX traded up $0.85 during trading hours on Friday, reaching $101.56. The stock had a trading volume of 6,319,315 shares, compared to its average volume of 8,216,517. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.32. The company has a 50 day moving average price of $94.33 and a two-hundred day moving average price of $86.23. The stock has a market capitalization of $135.04 billion, a PE ratio of 45.56, a PEG ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the previous year, the business earned $1.27 EPS. RTX’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. TD Cowen raised their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Robert W. Baird increased their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada increased their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Finally, Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.44.

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.