RTX Co. (NYSE:RTX) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in RTX Co. (NYSE:RTX) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 562,753 shares of the company’s stock after buying an additional 32,024 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in RTX were worth $65,278,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter valued at about $41,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in RTX in the fourth quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Down 0.7 %

Shares of RTX stock opened at $125.95 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $120.70 and its 200-day simple moving average is $120.57. The stock has a market capitalization of $167.78 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.