10,226 Shares in RTX Co. (NYSE:RTX) Bought by Banque Transatlantique SA

Banque Transatlantique SA purchased a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,226 shares of the company’s stock, valued at approximately $1,177,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bearing Point Capital LLC acquired a new position in shares of RTX during the 4th quarter worth about $256,000. Benjamin Edwards Inc. grew its position in shares of RTX by 6.5% in the fourth quarter. Benjamin Edwards Inc. now owns 86,067 shares of the company’s stock valued at $9,964,000 after purchasing an additional 5,264 shares during the last quarter. BIP Wealth LLC lifted its holdings in RTX by 9.0% during the 4th quarter. BIP Wealth LLC now owns 7,167 shares of the company’s stock worth $829,000 after purchasing an additional 591 shares during the last quarter. Alteri Wealth LLC bought a new stake in RTX in the 4th quarter valued at $1,151,000. Finally, Aptus Capital Advisors LLC grew its holdings in RTX by 123.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 43,253 shares of the company’s stock valued at $5,005,000 after buying an additional 23,878 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. UBS Group raised their target price on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Susquehanna dropped their price objective on RTX from $147.00 to $140.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $161.06.

RTX Price Performance

Shares of NYSE:RTX opened at $130.30 on Friday. The firm has a 50 day simple moving average of $128.48 and a 200 day simple moving average of $123.82. The company has a market cap of $174.07 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.11 and a beta of 0.60. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.09%. RTX’s dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by company 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.