RTX Co. (NYSE:RTX) Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC increased its position in shares of RTX Co. (NYSE:RTX) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,663 shares of the company’s stock after purchasing an additional 11,178 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in RTX were worth $6,703,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new stake in RTX in the 3rd quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of RTX during the first quarter valued at $28,000. Planned Solutions Inc. purchased a new stake in RTX during the 4th quarter worth about $30,000. Financial Gravity Asset Management Inc. lifted its holdings in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $94.00 price target (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Finally, TD Cowen increased their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Hold” and an average target price of $95.12.

RTX Stock Performance

RTX traded up $0.11 during trading hours on Thursday, hitting $97.56. 10,700,468 shares of the stock were exchanged, compared to its average volume of 8,121,944. The stock has a market cap of $129.72 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The stock has a 50-day simple moving average of $91.41 and a 200-day simple moving average of $83.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. RTX’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.27 earnings per share. Analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is presently 105.36%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by insiders.

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.