Radnor Capital Management LLC Has $2.73 Million Holdings in RTX Co. (NYSE:RTX)

Radnor Capital Management LLC raised its holdings in RTX Co. (NYSE:RTX) by 3.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,585 shares of the company’s stock after acquiring an additional 758 shares during the quarter. Radnor Capital Management LLC’s holdings in RTX were worth $2,727,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RTX. Norges Bank acquired a new position in shares of RTX during the fourth quarter worth approximately $1,745,644,000. GAMMA Investing LLC raised its position in RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company’s stock valued at $551,460,000 after buying an additional 4,135,349 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock valued at $1,216,063,000 after buying an additional 3,164,844 shares during the last quarter. Amundi raised its position in RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company’s stock valued at $728,964,000 after buying an additional 2,854,928 shares during the last quarter. Finally, Capital Wealth Planning LLC purchased a new stake in RTX in the 4th quarter valued at $216,340,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX opened at $139.21 on Friday. The company has a market cap of $185.98 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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 50-day moving average price of $129.63 and a 200-day moving average price of $125.75. RTX Co. has a 12-month low of $99.07 and a 12-month high of $140.65.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from RTX’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. RTX’s dividend payout ratio (DPR) is currently 79.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group upped their price objective on RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Citigroup reduced their price objective on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $159.82.

Insider Activity at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by 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.