Napatree Capital LLC Buys New Holdings in RTX Co. (NYSE:RTX)

Napatree Capital LLC purchased a new position in shares of RTX Co. (NYSE:RTXFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,821 shares of the company’s stock, valued at approximately $910,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jacobsen Capital Management raised its position in shares of RTX by 3.0% during the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares during the last quarter. Diligent Investors LLC boosted its stake in shares of RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after acquiring an additional 118 shares during the last quarter. Lcnb Corp lifted its holdings in RTX by 1.8% in the 4th quarter. Lcnb Corp now owns 7,065 shares of the company’s stock valued at $594,000 after purchasing an additional 122 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of RTX by 37.4% during 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 in the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group lifted its stake in shares of RTX by 2.1% during the fourth quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock valued at $514,000 after buying an additional 128 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Performance

Shares of NYSE:RTX opened at $104.25 on Tuesday. The company has a market cap of $138.60 billion, a P/E ratio of 40.97, a PEG ratio of 1.83 and a beta of 0.83. RTX Co. has a one year low of $68.56 and a one year high of $108.65. The business’s 50-day simple moving average is $104.00 and its 200 day simple moving average is $94.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. On average, sell-side analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is 98.82%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna increased their price objective on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Finally, Robert W. Baird lifted their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $98.33.

View Our Latest Stock Analysis on RTX

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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