27,373 Shares in RTX Co. (NYSE:RTX) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,373 shares of the company’s stock, valued at approximately $3,168,000.

A number of other large investors have also recently bought and sold shares of RTX. World Equity Group Inc. boosted its holdings in RTX by 102.2% during the fourth quarter. World Equity Group Inc. now owns 6,758 shares of the company’s stock valued at $782,000 after acquiring an additional 3,415 shares during the period. Summit Asset Management LLC boosted its holdings in RTX by 8.0% during the fourth quarter. Summit Asset Management LLC now owns 10,854 shares of the company’s stock valued at $1,256,000 after acquiring an additional 800 shares during the period. MONECO Advisors LLC boosted its holdings in RTX by 3.3% during the fourth quarter. MONECO Advisors LLC now owns 12,190 shares of the company’s stock valued at $1,411,000 after acquiring an additional 394 shares during the period. Howard Capital Management Inc. boosted its holdings in RTX by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 9,685 shares of the company’s stock valued at $1,121,000 after acquiring an additional 486 shares during the period. Finally, New England Professional Planning Group Inc. lifted its stake in shares of RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock valued at $253,000 after buying an additional 81 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

RTX Trading Down 1.5 %

Shares of NYSE RTX opened at $123.23 on Friday. The company’s fifty day moving average is $121.49 and its 200-day moving average is $120.93. The stock has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. Equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX’s dividend payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, UBS Group raised their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.