Tocqueville Asset Management L.P. Purchases 333 Shares of RTX Co. (NYSE:RTX)

Tocqueville Asset Management L.P. boosted its holdings in RTX Co. (NYSE:RTX) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 285,888 shares of the company’s stock after purchasing an additional 333 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in RTX were worth $33,083,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter worth about $29,000. Fairway Wealth LLC bought a new stake in RTX during the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management raised its stake in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RTX shares. Wells Fargo & Company raised their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada boosted their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.40.

RTX Price Performance

Shares of NYSE:RTX opened at $131.86 on Tuesday. The company has a 50-day moving average price of $125.69 and a two-hundred day moving average price of $122.23. RTX Co. has a twelve month low of $92.35 and a twelve month high of $135.36. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $176.04 billion, a PE ratio of 37.14, a P/E/G ratio of 2.11 and a beta of 0.78.

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

RTX Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.91%. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. 0.13% of the stock is currently owned by corporate 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.