21,351 Shares in RTX Co. (NYSE:RTX) Bought by Kentucky Trust Co

Kentucky Trust Co bought a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,351 shares of the company’s stock, valued at approximately $2,471,000. RTX comprises approximately 1.5% of Kentucky Trust Co’s investment portfolio, making the stock its 18th biggest position.

Other large investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the third quarter worth $29,000. Western Pacific Wealth Management LP bought a new position in RTX during the third quarter worth about $41,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter worth about $39,000. Comprehensive Financial Planning Inc. PA bought a new position in RTX during the fourth quarter worth about $40,000. Finally, Iron Horse Wealth Management LLC increased its position in RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 0.6 %

Shares of NYSE RTX opened at $129.01 on Wednesday. The company has a 50 day simple moving average of $120.40 and a 200 day simple moving average of $120.49. The firm has a market cap of $171.86 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.95%. RTX’s dividend payout ratio is currently 70.99%.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Susquehanna raised their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.