DDD Partners LLC Takes $11.21 Million Position in RTX Co. (NYSE:RTX)

DDD Partners LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 133,263 shares of the company’s stock, valued at approximately $11,213,000. RTX accounts for approximately 1.5% of DDD Partners LLC’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in RTX during the 1st quarter worth approximately $28,000. VitalStone Financial LLC grew its holdings in RTX by 136.5% during the 2nd quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in RTX during the 3rd quarter worth approximately $28,000. Financial Gravity Asset Management Inc. grew its holdings in RTX by 352.0% during the 3rd 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 last quarter. Finally, True Wealth Design LLC bought a new stake in RTX during the 4th quarter worth approximately $47,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX opened at $97.45 on Thursday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The company has a 50-day simple moving average of $91.16 and a 200 day simple moving average of $83.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The company has a market capitalization of $129.57 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.

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, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter last year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced 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 was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.42%. RTX’s dividend payout ratio is presently 105.36%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on RTX shares. Wells Fargo & Company raised shares of RTX from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $120.00 in a research note on Thursday, March 14th. UBS Group increased their target price on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Royal Bank of Canada increased their target price on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Finally, TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.12.

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.