Proficio Capital Partners LLC Has $1.04 Million Position in RTX Co. (NYSE:RTX)

Proficio Capital Partners LLC raised its position in shares of RTX Co. (NYSE:RTX) by 65.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,015 shares of the company’s stock after purchasing an additional 3,568 shares during the quarter. Proficio Capital Partners LLC’s holdings in RTX were worth $1,043,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. SPC Financial Inc. purchased a new position in shares of RTX during the 4th quarter valued at $230,000. M&T Bank Corp boosted its holdings in RTX by 0.6% in the fourth quarter. M&T Bank Corp now owns 594,990 shares of the company’s stock worth $68,853,000 after purchasing an additional 3,639 shares in the last quarter. Assetmark Inc. boosted its holdings in RTX by 19.3% in the fourth quarter. Assetmark Inc. now owns 171,103 shares of the company’s stock worth $19,800,000 after purchasing an additional 27,728 shares in the last quarter. WoodTrust Financial Corp boosted its holdings in RTX by 22.8% in the fourth quarter. WoodTrust Financial Corp now owns 2,075 shares of the company’s stock worth $240,000 after purchasing an additional 385 shares in the last quarter. Finally, Abbot Financial Management Inc. boosted its holdings in RTX by 4.0% in the fourth quarter. Abbot Financial Management Inc. now owns 10,086 shares of the company’s stock worth $1,167,000 after purchasing an additional 385 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 1.6 %

RTX opened at $132.35 on Friday. RTX Co. has a fifty-two week low of $94.19 and a fifty-two week high of $135.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market capitalization of $176.70 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78. The company’s 50 day moving average price is $127.15 and its two-hundred day moving average price is $122.54.

RTX (NYSE:RTX) last posted 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, research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Insider Buying and Selling

In other RTX 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 transaction 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 hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RTX shares. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada upped their price target on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.40.

RTX Company 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.