West Family Investments Inc. Grows Stock Holdings in RTX Co. (NYSE:RTX)

West Family Investments Inc. grew its position in shares of RTX Co. (NYSE:RTX) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,404 shares of the company’s stock after purchasing an additional 130 shares during the period. West Family Investments Inc.’s holdings in RTX were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RTX. Heritage Wealth Management LLC purchased a new position in RTX in the fourth quarter worth about $1,100,000. Robertson Stephens Wealth Management LLC boosted its stake in shares of RTX by 5.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 36,496 shares of the company’s stock worth $3,071,000 after acquiring an additional 2,007 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in RTX by 2.1% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 137,228 shares of the company’s stock worth $11,546,000 after purchasing an additional 2,879 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new stake in RTX in the fourth quarter worth $212,000. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of RTX by 10.4% in the 4th quarter. First Trust Direct Indexing L.P. now owns 28,108 shares of the company’s stock worth $2,365,000 after purchasing an additional 2,639 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Citigroup upped their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. UBS Group raised their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Susquehanna upped their price objective on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Finally, Bank of America lifted their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target of $96.93.

RTX Stock Performance

Shares of NYSE:RTX traded up $0.42 on Thursday, hitting $101.64. The company had a trading volume of 1,685,578 shares, compared to its average volume of 8,051,612. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The stock has a 50 day moving average price of $96.23 and a 200 day moving average price of $88.21. 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 stock has a market cap of $135.13 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 earnings per share. Analysts expect that RTX Co. will post 5.4 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given 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 2.32%. RTX’s payout ratio is presently 92.55%.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,547 shares of company stock valued at $12,553,645. 0.13% of the stock is owned by corporate insiders.

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.