DDD Partners LLC Takes Position in RTX Co. (NYSE:RTX)

DDD Partners LLC purchased a new position in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 133,263 shares of the company’s stock, valued at approximately $11,213,000. RTX makes up 1.5% of DDD Partners LLC’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Strengthening Families & Communities LLC purchased a new position in RTX during the 3rd quarter worth $28,000. Quarry LP purchased a new position in RTX during the 1st quarter worth $28,000. Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in shares of RTX in the third quarter valued at about $35,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on RTX shares. TD Cowen lifted their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Wells Fargo & Company raised shares of RTX from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $120.00 in a report on Thursday, March 14th. UBS Group boosted their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, Barclays boosted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $95.12.

Insider Activity at RTX

In other news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 1.4 %

Shares of RTX opened at $97.45 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $129.57 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The stock’s fifty day simple moving average is $91.16 and its 200 day simple moving average is $83.42. RTX Co. has a twelve month low of $68.56 and a twelve month high of $104.91.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same period last year, the company posted $1.27 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.42%. RTX’s dividend payout ratio is currently 105.36%.

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.