Opinicus Capital Inc. Acquires Shares of 12,488 RTX Co. (NYSE:RTX)

Opinicus Capital Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 12,488 shares of the company’s stock, valued at approximately $1,051,000.

Several other large investors have also bought and sold shares of RTX. Exchange Traded Concepts LLC boosted its position in shares of RTX by 8,351.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,184 shares of the company’s stock worth $517,000 after purchasing an additional 7,099 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of RTX by 11.9% in the 3rd quarter. Ballentine Partners LLC now owns 25,321 shares of the company’s stock worth $1,822,000 after purchasing an additional 2,693 shares in the last quarter. First Personal Financial Services boosted its position in shares of RTX by 23.6% in the 3rd quarter. First Personal Financial Services now owns 1,539 shares of the company’s stock worth $111,000 after purchasing an additional 294 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of RTX by 2.8% in the 3rd quarter. Grimes & Company Inc. now owns 210,516 shares of the company’s stock worth $15,151,000 after purchasing an additional 5,741 shares in the last quarter. Finally, Zullo Investment Group Inc. boosted its position in shares of RTX by 26.1% in the 3rd quarter. Zullo Investment Group Inc. now owns 4,853 shares of the company’s stock worth $349,000 after purchasing an additional 1,005 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last 90 days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RTX. TD Cowen boosted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Susquehanna boosted 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. Finally, Bank of America boosted their price objective on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $96.27.

RTX Price Performance

RTX stock traded down $0.30 during mid-day trading on Friday, hitting $101.41. The stock had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. The firm has a market capitalization of $134.83 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $95.57 and its 200 day moving average is $87.51. RTX Co. has a one year low of $68.56 and a one year high of $103.89.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) 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.