Darden Wealth Group Inc Has $1.20 Million Stake in RTX Co. (NYSE:RTX)

Darden Wealth Group Inc raised its stake in shares of RTX Co. (NYSE:RTX) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,407 shares of the company’s stock after acquiring an additional 491 shares during the quarter. RTX makes up 0.8% of Darden Wealth Group Inc’s portfolio, making the stock its 29th largest holding. Darden Wealth Group Inc’s holdings in RTX were worth $1,204,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in RTX during the 3rd quarter worth approximately $321,000. Quarry LP lifted its position in RTX by 197.9% during the 3rd quarter. Quarry LP now owns 846 shares of the company’s stock valued at $103,000 after purchasing an additional 562 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in RTX during the 3rd quarter worth $4,956,000. Kovitz Investment Group Partners LLC increased its holdings in RTX by 368.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 79,283 shares of the company’s stock valued at $9,606,000 after purchasing an additional 62,359 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its holdings in RTX by 9.0% during the third quarter. Insigneo Advisory Services LLC now owns 16,517 shares of the company’s stock valued at $2,001,000 after purchasing an additional 1,361 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

RTX has been the topic of several recent analyst reports. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Baird R W raised RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.40.

RTX Stock Performance

NYSE:RTX opened at $117.43 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 stock has a market cap of $156.78 billion, a P/E ratio of 33.08, a PEG ratio of 2.11 and a beta of 0.58. The stock has a 50 day simple moving average of $129.05 and a 200 day simple moving average of $123.38. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts anticipate 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 was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio is presently 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.