LGL Partners LLC Buys 748 Shares of RTX Co. (NYSE:RTX)

LGL Partners LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,711 shares of the company’s stock after purchasing an additional 748 shares during the quarter. LGL Partners LLC’s holdings in RTX were worth $733,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Jacobsen Capital Management boosted its position in shares of RTX by 3.0% during the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares in the last quarter. Diligent Investors LLC boosted its position in shares of RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Dempze Nancy E raised its holdings in shares of RTX by 0.5% during the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after acquiring an additional 130 shares during the period. Finally, Chicago Capital LLC raised its holdings in shares of RTX by 0.8% during the fourth quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock worth $1,330,000 after acquiring an additional 130 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on RTX shares. 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. 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. Susquehanna lifted their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Barclays lifted their price objective on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $96.93.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Insiders sold a total of 127,547 shares of company stock worth $12,553,645 over the last quarter. Insiders own 0.13% of the company’s stock.

RTX Trading Down 0.5 %

NYSE RTX traded down $0.56 on Tuesday, hitting $101.88. The company’s stock had a trading volume of 2,856,798 shares, compared to its average volume of 8,074,398. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company’s 50-day moving average is $95.80 and its 200 day moving average is $87.92. The firm has a market cap of $135.45 billion, a PE ratio of 40.21, a PEG ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same period in the prior year, the firm earned $1.22 earnings per share. RTX’s revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders 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 dividend yield of 2.32%. RTX’s dividend payout ratio is currently 92.55%.

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.