RTX Co. (NYSE:RTX) Shares Acquired by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lifted its position in shares of RTX Co. (NYSE:RTX) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,459 shares of the company’s stock after buying an additional 641 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in RTX were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in RTX. KBC Group NV boosted its position in shares of RTX by 5.4% during the 3rd quarter. KBC Group NV now owns 105,297 shares of the company’s stock worth $12,758,000 after purchasing an additional 5,374 shares during the period. Schear Investment Advisers LLC boosted its position in shares of RTX by 1.6% during the 3rd quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock worth $706,000 after purchasing an additional 89 shares during the period. Tower Bridge Advisors boosted its position in shares of RTX by 0.8% during the 3rd quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock worth $12,666,000 after purchasing an additional 876 shares during the period. Essential Planning LLC. purchased a new position in shares of RTX during the 3rd quarter worth approximately $216,000. Finally, TrinityPoint Wealth LLC boosted its position in RTX by 0.5% in the 3rd quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock valued at $4,695,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on RTX shares. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Price Performance

Shares of NYSE:RTX opened at $130.00 on Monday. The company’s fifty day moving average price is $125.33 and its 200 day moving average price is $122.17. RTX Co. has a 12 month low of $92.35 and a 12 month high of $135.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market capitalization of $173.56 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. RTX’s dividend payout ratio is presently 70.99%.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is owned by company 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.