RTX Co. (NYSE:RTX) Shares Acquired by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co increased its stake in shares of RTX Co. (NYSE:RTX) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,393 shares of the company’s stock after acquiring an additional 2,229 shares during the period. RTX comprises 1.2% of Harbour Trust & Investment Management Co’s holdings, making the stock its 23rd largest position. Harbour Trust & Investment Management Co’s holdings in RTX were worth $10,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LongView Wealth Management acquired a new position in shares of RTX during the 3rd quarter worth approximately $218,000. Ritholtz Wealth Management grew its holdings in RTX by 15.4% during the 3rd quarter. Ritholtz Wealth Management now owns 25,662 shares of the company’s stock worth $3,109,000 after acquiring an additional 3,420 shares in the last quarter. Carnegie Investment Counsel increased its holdings in RTX by 0.3% in the third quarter. Carnegie Investment Counsel now owns 113,231 shares of the company’s stock valued at $13,718,000 after buying an additional 362 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in RTX by 18.2% in the third quarter. CHICAGO TRUST Co NA now owns 11,636 shares of the company’s stock valued at $1,410,000 after buying an additional 1,790 shares in the last quarter. Finally, Ballew Advisors Inc purchased a new stake in RTX during the 3rd quarter worth about $220,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RTX. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Bank of America boosted their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.07.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $128.07 on Monday. 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 business’s fifty day moving average price is $119.99 and its 200 day moving average price is $120.28. The stock has a market capitalization of $170.60 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

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 paid a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

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.