AJOVista LLC Makes New Investment in RTX Co. (NYSE:RTX)

AJOVista LLC purchased a new stake in shares of RTX Co. (NYSE:RTX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,185 shares of the company’s stock, valued at approximately $100,000.

Several other hedge funds have also made changes to their positions in RTX. Jacobsen Capital Management boosted its position in shares of RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after buying an additional 114 shares during the period. Diligent Investors LLC grew its stake in shares of RTX by 1.4% in the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after buying an additional 118 shares in the last quarter. Valley National Advisers Inc. increased its holdings in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after buying an additional 127 shares during the last quarter. Dempze Nancy E lifted its stake in shares of RTX by 0.5% in the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after purchasing an additional 130 shares during the last quarter. Finally, Chicago Capital LLC boosted its holdings in RTX by 0.8% in the fourth quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock worth $1,330,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Insiders sold 137,842 shares of company stock valued at $13,603,426 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RTX shares. UBS Group raised their target price on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays boosted their target price on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. TD Cowen increased their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Finally, TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus target price of $96.93.

RTX Stock Performance

RTX stock traded down $0.49 during trading hours on Friday, hitting $101.40. The stock had a trading volume of 13,324,869 shares, compared to its average volume of 7,489,805. The company has a 50-day moving average of $96.70 and a two-hundred day moving average of $88.49. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a market cap of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. On average, equities research analysts anticipate that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.49%. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s payout ratio is presently 92.55%.

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.