Uncommon Cents Investing LLC Raises Position in RTX Co. (NYSE:RTX)

Uncommon Cents Investing LLC raised its stake in RTX Co. (NYSE:RTX) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 57,044 shares of the company’s stock after buying an additional 485 shares during the quarter. RTX comprises 1.6% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 12th largest position. Uncommon Cents Investing LLC’s holdings in RTX were worth $4,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of RTX in the first quarter worth approximately $28,000. Planned Solutions Inc. bought a new position in shares of RTX in the fourth quarter valued at approximately $30,000. VitalStone Financial LLC grew its holdings in shares of RTX by 136.5% in the second quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock valued at $36,000 after acquiring an additional 213 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in shares of RTX in the third quarter valued at approximately $28,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were 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 in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Barclays upped their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Wells Fargo & Company raised RTX from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $120.00 in a report on Thursday, March 14th. TD Cowen increased their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, Robert W. Baird reissued a “neutral” rating and set a $94.00 price objective (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.12.

RTX Trading Up 0.1 %

Shares of RTX stock opened at $97.56 on Friday. 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 $104.91. The company has a market capitalization of $129.72 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The business’s fifty day moving average is $91.41 and its 200 day moving average is $83.52.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

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