Waterloo Capital L.P. Invests $218,000 in RTX Co. (NYSE:RTX)

Waterloo Capital L.P. bought a new position in shares of RTX Co. (NYSE:RTXFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,587 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. WealthPlan Investment Management LLC lifted its holdings in RTX by 90,520.0% in the third quarter. WealthPlan Investment Management LLC now owns 4,531 shares of the company’s stock valued at $326,000 after acquiring an additional 4,526 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in RTX by 20.1% in the third quarter. Alliance Wealth Advisors LLC UT now owns 13,871 shares of the company’s stock valued at $998,000 after acquiring an additional 2,318 shares during the last quarter. Waters Parkerson & CO. LLC lifted its holdings in RTX by 0.7% in the third quarter. Waters Parkerson & CO. LLC now owns 30,196 shares of the company’s stock valued at $2,173,000 after acquiring an additional 200 shares during the last quarter. Antonetti Capital Management LLC lifted its holdings in RTX by 94.3% in the third quarter. Antonetti Capital Management LLC now owns 5,028 shares of the company’s stock valued at $362,000 after acquiring an additional 2,440 shares during the last quarter. Finally, Skba Capital Management LLC lifted its holdings in RTX by 6.8% in the third quarter. Skba Capital Management LLC now owns 203,147 shares of the company’s stock valued at $14,620,000 after acquiring an additional 12,950 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX opened at $107.08 on Tuesday. The firm has a market capitalization of $142.36 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The business’s fifty day moving average price is $103.48 and its 200 day moving average price is $93.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. RTX Co. has a 12 month low of $68.56 and a 12 month high of $108.65.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s revenue for the quarter 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. On average, sell-side analysts anticipate that RTX Co. will post 5.4 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, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is 98.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Cowen upped their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Barclays upped their price target on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. UBS Group upped their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company upped their price target on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $98.33.

Check Out Our Latest Analysis on RTX

Insiders Place Their Bets

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

About RTX

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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