RTX Co. (NYSE:RTX) Shares Acquired by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 57,028 shares of the company’s stock after purchasing an additional 1,908 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in RTX were worth $5,562,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RTX. Capital Research Global Investors raised its holdings in RTX by 23.7% in the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock valued at $7,608,822,000 after acquiring an additional 17,351,313 shares in the last quarter. Capital International Investors raised its holdings in RTX by 20.6% in the fourth quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock valued at $5,488,752,000 after acquiring an additional 11,163,222 shares in the last quarter. Norges Bank acquired a new stake in RTX in the fourth quarter valued at $690,154,000. Massachusetts Financial Services Co. MA raised its holdings in RTX by 82.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock valued at $1,288,157,000 after acquiring an additional 6,932,011 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in RTX by 129.9% in the fourth quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock valued at $341,710,000 after acquiring an additional 2,294,908 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders sold 119,937 shares of company stock valued at $12,256,952 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

RTX Price Performance

RTX stock traded down $0.23 during trading on Friday, hitting $100.39. The company had a trading volume of 13,853,219 shares, compared to its average volume of 6,408,701. The firm has a market capitalization of $133.47 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.77 and a beta of 0.83. The business has a 50 day moving average of $104.42 and a 200 day moving average of $95.47. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $108.65. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings data 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 business 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%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. As a group, research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is currently 98.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on RTX shares. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna boosted their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, Robert W. Baird boosted their target price on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average target price of $98.33.

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.