Lake Street Advisors Group LLC Purchases 162 Shares of RTX Co. (NYSE:RTX)

Lake Street Advisors Group LLC increased its position in RTX Co. (NYSE:RTX) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,764 shares of the company’s stock after acquiring an additional 162 shares during the quarter. Lake Street Advisors Group LLC’s holdings in RTX were worth $1,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Bradley & Co. Private Wealth Management LLC bought a new stake in RTX during the 4th quarter valued at approximately $60,000. Pinnacle West Asset Management Inc. lifted its holdings in shares of RTX by 6.7% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 3,205 shares of the company’s stock worth $371,000 after buying an additional 200 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of RTX by 136.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 92,616 shares of the company’s stock worth $10,718,000 after buying an additional 53,454 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of RTX by 20.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 629,418 shares of the company’s stock worth $72,836,000 after acquiring an additional 107,625 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new position in RTX during the fourth quarter worth $900,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.0 %

Shares of NYSE RTX opened at $127.30 on Thursday. The business has a fifty day moving average of $122.09 and a two-hundred day moving average of $121.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52-week low of $88.95 and a 52-week high of $132.43. The stock has a market cap of $169.58 billion, a PE ratio of 35.86, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results 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 net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts expect 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 given 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 1.98%. RTX’s payout ratio is 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 that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America raised 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. Finally, Royal Bank of Canada boosted their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

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.