Private Trust Co. NA Has $3.96 Million Position in RTX Co. (NYSE:RTX)

Private Trust Co. NA raised its stake in RTX Co. (NYSE:RTX) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,236 shares of the company’s stock after acquiring an additional 559 shares during the period. Private Trust Co. NA’s holdings in RTX were worth $3,962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RTX. Pettyjohn Wood & White Inc. grew its stake in RTX by 2.9% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 65,427 shares of the company’s stock worth $7,571,000 after buying an additional 1,827 shares in the last quarter. Argyle Capital Management LLC lifted its stake in RTX by 0.9% during the fourth quarter. Argyle Capital Management LLC now owns 43,029 shares of the company’s stock worth $4,979,000 after purchasing an additional 395 shares during the last quarter. Bouchey Financial Group Ltd boosted its holdings in shares of RTX by 23.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 2,533 shares of the company’s stock valued at $293,000 after purchasing an additional 476 shares in the last quarter. Fusion Capital LLC raised its holdings in shares of RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock worth $1,754,000 after buying an additional 80 shares in the last quarter. Finally, Fort Sheridan Advisors LLC lifted its position in shares of RTX by 7.7% during the 4th quarter. Fort Sheridan Advisors LLC now owns 20,890 shares of the company’s stock worth $2,417,000 after buying an additional 1,493 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $130.49 on Friday. The company has a 50 day simple moving average of $122.39 and a two-hundred day simple moving average of $121.24. RTX Co. has a fifty-two week low of $88.95 and a fifty-two week high of $132.43. The company has a market capitalization of $173.83 billion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 2.11 and a beta of 0.82. 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 (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. Analysts expect 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. Investors of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Analyst Upgrades and Downgrades

Several brokerages have commented on RTX. Citigroup raised RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $142.00 to $147.00 in a research note on Monday. Finally, Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated 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 directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares of the company’s stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,334 shares of company stock worth $4,639,194. Company insiders own 0.13% of the company’s stock.

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.