RTX Co. (NYSE:RTX) Shares Acquired by Argent Trust Co

Argent Trust Co boosted its stake in RTX Co. (NYSE:RTX) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,052 shares of the company’s stock after buying an additional 1,005 shares during the period. Argent Trust Co’s holdings in RTX were worth $10,074,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock valued at $13,710,408,000 after buying an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of RTX by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company’s stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of RTX by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company’s stock worth $2,204,198,000 after acquiring an additional 576,214 shares in the last quarter. Franklin Resources Inc. boosted its stake in RTX by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company’s stock valued at $1,922,264,000 after purchasing an additional 603,159 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of RTX in the 4th quarter worth approximately $1,745,644,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.2 %

RTX stock traded up $0.22 during midday trading on Thursday, hitting $128.65. The company had a trading volume of 475,874 shares, compared to its average volume of 5,118,368. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The stock has a market cap of $171.75 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.11 and a beta of 0.58. The stock’s 50 day moving average price is $128.62 and its 200 day moving average price is $123.49. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its 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 return on equity of 12.45% and a net margin of 5.91%. As a group, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Analyst Ratings Changes

Several research firms have recently issued reports on RTX. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and upped their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $165.07.

Insider Buying and Selling

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by company insiders.

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.