AJOVista LLC Makes New Investment in RTX Co. (NYSE:RTX)

AJOVista LLC purchased a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,185 shares of the company’s stock, valued at approximately $100,000.

Several other hedge funds have also recently modified their holdings of RTX. Bear Mountain Capital Inc. purchased a new stake in shares of RTX in the fourth quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new position in RTX during the 3rd quarter worth approximately $28,000. Planned Solutions Inc. purchased a new position in shares of RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. UBS Group raised their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Citigroup upped their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Susquehanna lifted their price target on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $96.93.

RTX Trading Down 0.5 %

Shares of RTX stock traded down $0.49 during trading hours on Friday, reaching $101.40. 13,324,869 shares of the company’s stock were exchanged, compared to its average volume of 7,489,805. The firm has a market capitalization of $134.81 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The company has a fifty day moving average of $96.70 and a 200-day moving average of $88.49.

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

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.49%. This is an increase from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio (DPR) is currently 92.55%.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Gregory Hayes sold 89,762 shares of RTX 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 owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following 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. Insiders have sold a total of 137,842 shares of company stock worth $13,603,426 in the last quarter. 0.13% of the stock is owned by insiders.

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.