RTX Co. (NYSE:RTX) Stock Holdings Increased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. grew its holdings in shares of RTX Co. (NYSE:RTX) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,156 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in RTX were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avestar Capital LLC lifted its holdings in RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC lifted its stake in shares of RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after acquiring an additional 85 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of RTX by 0.7% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,798 shares of the company’s stock valued at $1,481,000 after acquiring an additional 85 shares in the last quarter. Blackston Financial Advisory Group LLC increased its stake in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the period. Finally, Traveka Wealth LLC raised its holdings in RTX by 3.2% during the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 1.5 %

Shares of NYSE RTX opened at $123.23 on Friday. The firm has a market capitalization of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82. RTX Co. has a one year low of $88.90 and a one year high of $132.43. 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 business has a 50-day moving average price of $121.49 and a two-hundred day moving average price of $120.89.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued 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 2.04%. RTX’s dividend payout ratio is 70.99%.

Analysts Set New Price Targets

RTX has been the subject of a number of research reports. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the 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 transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.