Moors & Cabot Inc. Raises Stock Holdings in RTX Co. (NYSE:RTX)

Moors & Cabot Inc. raised its holdings in RTX Co. (NYSE:RTX) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 117,182 shares of the company’s stock after acquiring an additional 1,143 shares during the quarter. RTX makes up about 0.6% of Moors & Cabot Inc.’s holdings, making the stock its 29th largest holding. Moors & Cabot Inc.’s holdings in RTX were worth $13,560,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in RTX during the fourth quarter worth about $31,000. Avantax Planning Partners Inc. boosted its stake in shares of RTX by 8.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 7,361 shares of the company’s stock worth $852,000 after acquiring an additional 576 shares during the last quarter. Gables Capital Management Inc. boosted its stake in shares of RTX by 3.6% in the fourth quarter. Gables Capital Management Inc. now owns 8,693 shares of the company’s stock worth $1,006,000 after acquiring an additional 300 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in shares of RTX by 3.2% in the fourth quarter. Donaldson Capital Management LLC now owns 318,907 shares of the company’s stock worth $36,904,000 after acquiring an additional 9,849 shares during the last quarter. Finally, Miller Financial Services LLC acquired a new stake in shares of RTX in the fourth quarter worth approximately $217,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Down 0.3 %

RTX opened at $128.16 on Wednesday. RTX Co. has a 12 month low of $89.44 and a 12 month high of $135.36. The stock has a market capitalization of $170.73 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.11 and a beta of 0.78. 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 has a fifty day moving average price of $124.54 and a 200 day moving average price of $121.97.

RTX (NYSE:RTX) last released its 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 return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.97%. RTX’s payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Five equities research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the company’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 of the company’s stock, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 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.