Mystic Asset Management Inc. Has $4.95 Million Stock Position in RTX Co. (NYSE:RTX)

Mystic Asset Management Inc. grew its holdings in RTX Co. (NYSE:RTX) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,728 shares of the company’s stock after purchasing an additional 4,861 shares during the period. RTX makes up about 1.3% of Mystic Asset Management Inc.’s portfolio, making the stock its 14th biggest position. Mystic Asset Management Inc.’s holdings in RTX were worth $4,945,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. TrinityPoint Wealth LLC grew its stake in shares of RTX by 0.5% during the third quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock worth $4,695,000 after buying an additional 186 shares during the last quarter. Aljian Capital Management LLC boosted its holdings in shares of RTX by 31.8% during the 3rd quarter. Aljian Capital Management LLC now owns 21,631 shares of the company’s stock valued at $2,621,000 after acquiring an additional 5,219 shares in the last quarter. Quest Partners LLC grew its position in RTX by 8,216.2% during the 3rd quarter. Quest Partners LLC now owns 19,460 shares of the company’s stock worth $2,358,000 after acquiring an additional 19,226 shares during the last quarter. Taurus Asset Management LLC raised its position in RTX by 9.4% in the third quarter. Taurus Asset Management LLC now owns 4,344 shares of the company’s stock valued at $526,000 after purchasing an additional 375 shares during the last quarter. Finally, Capital City Trust Co. FL boosted its stake in shares of RTX by 3.5% during the third quarter. Capital City Trust Co. FL now owns 9,327 shares of the company’s stock valued at $1,130,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $131.86 on Tuesday. The firm has a market capitalization of $176.04 billion, a P/E ratio of 37.14, a P/E/G ratio of 2.11 and a beta of 0.78. The firm’s 50-day moving average price is $125.69 and its 200-day moving average price is $122.23. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $92.35 and a 1-year high of $135.36.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $163.40.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is owned by corporate 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.