Ieq Capital LLC Purchases 3,918 Shares of RTX Co. (NYSE:RTX)

Ieq Capital LLC increased its position in RTX Co. (NYSE:RTX) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,530 shares of the company’s stock after purchasing an additional 3,918 shares during the quarter. Ieq Capital LLC’s holdings in RTX were worth $10,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC grew its stake in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 279 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 completion of the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $125.25 on Friday. The company has a market cap of $166.85 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.09 and a beta of 0.82. 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 50 day simple moving average of $121.38 and a 200 day simple moving average of $120.83. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. Research analysts predict 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. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” 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 target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned 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.

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.