RTX Co. (NYSE:RTX) Shares Bought by Field & Main Bank

Field & Main Bank lifted its holdings in shares of RTX Co. (NYSE:RTX) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,700 shares of the company’s stock after buying an additional 180 shares during the quarter. Field & Main Bank’s holdings in RTX were worth $1,489,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of RTX by 129.9% during the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock worth $341,710,000 after buying an additional 2,294,908 shares during the period. Anchor Capital Advisors LLC grew its holdings in RTX by 8.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 220,503 shares of the company’s stock valued at $18,553,000 after buying an additional 17,562 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in RTX by 1.1% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 57,809 shares of the company’s stock valued at $4,864,000 after buying an additional 648 shares in the last quarter. Intrust Bank NA grew its holdings in RTX by 11.5% in the 4th quarter. Intrust Bank NA now owns 20,025 shares of the company’s stock valued at $1,685,000 after buying an additional 2,071 shares in the last quarter. Finally, Greatmark Investment Partners Inc. purchased a new stake in RTX in the 4th quarter valued at $224,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup increased their price target on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Barclays boosted their price target on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Susquehanna boosted their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. TD Cowen boosted their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Finally, Robert W. Baird raised their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $96.27.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The shares were 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 $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,547 shares of company stock worth $12,553,645. 0.13% of the stock is owned by company insiders.

RTX Stock Up 1.0 %

NYSE:RTX traded up $1.04 during midday trading on Monday, hitting $102.45. 4,470,152 shares of the company were exchanged, compared to its average volume of 8,139,442. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $136.21 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a fifty day simple moving average of $95.80 and a 200 day simple moving average of $87.92.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 earnings per share. As a group, equities analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.30%. RTX’s dividend payout ratio is presently 92.55%.

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.