Enhancing Capital LLC Makes New $1.77 Million Investment in RTX Co. (NYSE:RTX)

Enhancing Capital LLC bought a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, HoldingsChannel reports. The fund bought 15,279 shares of the company’s stock, valued at approximately $1,768,000. RTX makes up about 1.4% of Enhancing Capital LLC’s portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter worth $29,000. Fairway Wealth LLC bought a new stake in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management grew its stake in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX during the fourth quarter worth $40,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last three months. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 1.4 %

RTX opened at $131.86 on Tuesday. RTX Co. has a 1-year low of $92.35 and a 1-year high of $135.36. 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 company has a market cap of $176.04 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a fifty day moving average price of $125.69 and a two-hundred day moving average price of $122.23.

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

RTX Dividend Announcement

The firm also recently announced 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. This represents a $2.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is presently 70.99%.

Analysts Set New Price Targets

RTX has been the topic of a number of recent research reports. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Five investment 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. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $163.40.

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.