Community Bank & Trust Waco Texas Purchases 575 Shares of RTX Co. (NYSE:RTX)

Community Bank & Trust Waco Texas grew its stake in shares of RTX Co. (NYSE:RTX) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,163 shares of the company’s stock after purchasing an additional 575 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in RTX were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of RTX by 21.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 12,245 shares of the company’s stock valued at $1,030,000 after acquiring an additional 2,181 shares in the last quarter. SlateStone Wealth LLC increased its holdings in RTX by 6.3% in the 4th quarter. SlateStone Wealth LLC now owns 49,371 shares of the company’s stock worth $4,154,000 after buying an additional 2,923 shares during the period. PDS Planning Inc acquired a new position in RTX in the 4th quarter worth approximately $356,000. Wedge Capital Management L L P NC acquired a new position in RTX in the 4th quarter worth approximately $239,000. Finally, RWA Wealth Partners LLC increased its holdings in RTX by 101.2% in the 4th quarter. RWA Wealth Partners LLC now owns 234,535 shares of the company’s stock worth $19,734,000 after buying an additional 117,942 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on RTX. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. UBS Group lifted their target price on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada lifted their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Finally, Robert W. Baird lifted their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $94.00.

RTX Trading Down 1.0 %

RTX traded down $1.01 on Wednesday, hitting $100.37. The company had a trading volume of 3,802,077 shares, compared to its average volume of 8,205,577. The firm has a market cap of $133.46 billion, a P/E ratio of 45.07, a PEG ratio of 1.85 and a beta of 0.88. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The company’s fifty day moving average price is $94.97 and its 200 day moving average price is $87.12. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. As a group, equities analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is currently 105.36%.

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.