TCTC Holdings LLC Acquires 319 Shares of RTX Co. (NYSE:RTX)

TCTC Holdings LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,863 shares of the company’s stock after buying an additional 319 shares during the period. TCTC Holdings LLC’s holdings in RTX were worth $10,052,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV boosted its stake in RTX by 5.4% in 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 in the last quarter. Schear Investment Advisers LLC raised its position in RTX by 1.6% in the 3rd quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock worth $706,000 after buying an additional 89 shares during the last quarter. Tower Bridge Advisors raised its position in RTX by 0.8% in the 3rd quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock worth $12,666,000 after buying an additional 876 shares during the last quarter. Essential Planning LLC. purchased a new stake in shares of RTX during the 3rd quarter valued at about $216,000. Finally, TrinityPoint Wealth LLC increased its position in shares of RTX by 0.5% during the 3rd quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock valued at $4,695,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on 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 in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RTX shares. Bank of America upped 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. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $163.40.

RTX Trading Up 0.6 %

RTX stock opened at $130.00 on Monday. RTX Co. has a 1-year low of $92.35 and a 1-year 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 company has a market capitalization of $173.56 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.11 and a beta of 0.78. The business has a 50 day simple moving average of $125.33 and a two-hundred day simple moving average of $122.17.

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

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. RTX’s dividend payout ratio is currently 70.99%.

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.