Choreo LLC Grows Stock Position in RTX Co. (NYSE:RTX)

Choreo LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 54.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,161 shares of the company’s stock after buying an additional 15,175 shares during the quarter. Choreo LLC’s holdings in RTX were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RTX. Exchange Traded Concepts LLC raised its stake in shares of RTX by 8,351.8% during the third quarter. Exchange Traded Concepts LLC now owns 7,184 shares of the company’s stock worth $517,000 after purchasing an additional 7,099 shares during the last quarter. FAS Wealth Partners Inc. acquired a new position in RTX during the third quarter worth $527,000. Compagnie Lombard Odier SCmA grew its holdings in RTX by 28.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 6,000 shares of the company’s stock worth $432,000 after acquiring an additional 1,331 shares during the period. Toews Corp ADV acquired a new position in RTX during the third quarter worth $799,000. Finally, Accurate Wealth Management LLC grew its holdings in RTX by 2.8% during the third quarter. Accurate Wealth Management LLC now owns 8,525 shares of the company’s stock worth $630,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTX. Susquehanna upped their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. TD Cowen upped their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Bank of America upped their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Barclays upped their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, Citigroup upped their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $96.27.

RTX Stock Up 1.0 %

RTX opened at $102.45 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market cap of $136.21 billion, a P/E ratio of 40.18, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The business’s fifty day simple moving average is $95.80 and its 200 day simple moving average is $87.92.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. As a group, equities research analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.30%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Insider Buying and Selling

In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s 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 transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,547 shares of company stock worth $12,553,645. 0.13% of the stock is owned by company 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.