Zions Bancorporation N.A. Has $5.05 Million Holdings in RTX Co. (NYSE:RTX)

Zions Bancorporation N.A. lifted its stake in RTX Co. (NYSE:RTX) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,594 shares of the company’s stock after acquiring an additional 4,784 shares during the period. Zions Bancorporation N.A.’s holdings in RTX were worth $5,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its position in 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 in the last quarter. Millstone Evans Group LLC bought a new position in RTX during the fourth quarter valued at about $39,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the 4th quarter worth approximately $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.8 %

RTX opened at $134.76 on Tuesday. RTX Co. has a 1-year low of $95.27 and a 1-year high of $135.74. The stock has a market capitalization of $179.92 billion, a PE ratio of 37.96, a PEG ratio of 2.11 and a beta of 0.78. 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 firm has a 50-day moving average price of $127.48 and a two-hundred day moving average price of $122.66.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. As a group, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last three months. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the subject of several research reports. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a report on Monday. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX 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.