RTX Co. (NYSE:RTX) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its position in RTX Co. (NYSE:RTX) by 8.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 220,503 shares of the company’s stock after buying an additional 17,562 shares during the period. Anchor Capital Advisors LLC’s holdings in RTX were worth $18,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. raised its position in shares of RTX by 1.1% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 57,809 shares of the company’s stock worth $4,864,000 after purchasing an additional 648 shares during the period. Intrust Bank NA boosted its position in RTX by 11.5% during the 4th quarter. Intrust Bank NA now owns 20,025 shares of the company’s stock worth $1,685,000 after acquiring an additional 2,071 shares during the period. Greatmark Investment Partners Inc. acquired a new position in RTX during the 4th quarter worth $224,000. Skylands Capital LLC increased its holdings in shares of RTX by 3.1% during the fourth quarter. Skylands Capital LLC now owns 100,533 shares of the company’s stock valued at $8,459,000 after purchasing an additional 3,009 shares during the period. Finally, Naviter Wealth LLC raised its stake in shares of RTX by 49.4% during the fourth quarter. Naviter Wealth LLC now owns 17,967 shares of the company’s stock valued at $1,512,000 after purchasing an additional 5,941 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on RTX shares. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Bank of America upped their price target on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective 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, Wells Fargo & Company restated an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. Two equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.27.

RTX Stock Up 1.0 %

NYSE RTX traded up $1.03 during trading on Monday, reaching $102.44. 4,469,583 shares of the company’s stock were exchanged, compared to its average volume of 8,139,437. The company’s fifty day simple moving average is $95.57 and its 200-day simple moving average is $87.71. 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 firm has a market capitalization of $136.20 billion, a PE ratio of 39.77, a P/E/G 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.

RTX (NYSE:RTX) last released its 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 net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. 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 2.30%. RTX’s dividend payout ratio is currently 92.55%.

Insider Activity at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other RTX news, COO Christopher T. Calio sold 367 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’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 owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by corporate 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.