Courier Capital LLC Purchases 8,444 Shares of RTX Co. (NYSE:RTX)

Courier Capital LLC increased its position in RTX Co. (NYSE:RTX) by 17.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 55,622 shares of the company’s stock after acquiring an additional 8,444 shares during the quarter. Courier Capital LLC’s holdings in RTX were worth $4,680,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in RTX during the first quarter valued at approximately $28,000. VitalStone Financial LLC lifted its position in RTX by 136.5% during the second quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in RTX during the third quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. lifted its position in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in RTX during the fourth quarter valued at approximately $47,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Wells Fargo & Company upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $120.00 in a research report on Thursday, March 14th. 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. 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. Finally, TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average target price of $95.12.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 1.4 %

Shares of NYSE RTX opened at $97.45 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The firm’s fifty day moving average is $91.16 and its 200 day moving average is $83.42. The company has a market cap of $129.57 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 1.75 and a beta of 0.87.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, February 22nd. RTX’s 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.