Liberty Capital Management Inc. Has $4.18 Million Stock Position in RTX Co. (NYSE:RTX)

Liberty Capital Management Inc. grew its holdings in RTX Co. (NYSE:RTX) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 36,141 shares of the company’s stock after purchasing an additional 2,021 shares during the quarter. Liberty Capital Management Inc.’s holdings in RTX were worth $4,182,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the third quarter valued at approximately $41,000. Iron Horse Wealth Management LLC grew its stake in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in RTX in the third quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Performance

NYSE RTX opened at $128.07 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $119.99 and a 200 day simple moving average of $120.28. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a market cap of $170.60 billion, a P/E ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82.

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

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.