Fusion Capital LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Fusion Capital LLC increased its position in shares of RTX Co. (NYSE:RTX) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,156 shares of the company’s stock after buying an additional 80 shares during the period. RTX comprises approximately 0.7% of Fusion Capital LLC’s holdings, making the stock its 29th biggest holding. Fusion Capital LLC’s holdings in RTX were worth $1,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fort Sheridan Advisors LLC increased its stake in shares of RTX by 7.7% in the fourth quarter. Fort Sheridan Advisors LLC now owns 20,890 shares of the company’s stock worth $2,417,000 after buying an additional 1,493 shares during the last quarter. HC Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth about $652,000. Linscomb Wealth Inc. raised its stake in shares of RTX by 2.0% in the 4th quarter. Linscomb Wealth Inc. now owns 106,923 shares of the company’s stock valued at $12,373,000 after purchasing an additional 2,086 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of RTX by 3.9% during the fourth quarter. QRG Capital Management Inc. now owns 167,231 shares of the company’s stock worth $19,352,000 after purchasing an additional 6,254 shares during the last quarter. Finally, Versor Investments LP grew its stake in RTX by 64.0% in the fourth quarter. Versor Investments LP now owns 24,604 shares of the company’s stock worth $2,847,000 after purchasing an additional 9,600 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $142.00 to $147.00 in a report on Monday. Bank of America boosted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the sale, the executive vice president now owns 29,742 shares of the company’s stock, valued at $3,771,880.44. The trade was a 39.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,334 shares of company stock worth $4,639,194 over the last 90 days. 0.13% of the stock is owned by company insiders.

RTX Trading Up 2.5 %

Shares of RTX stock opened at $130.49 on Friday. RTX Co. has a 1 year low of $88.95 and a 1 year high of $132.43. The firm has a market capitalization of $173.83 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The stock has a fifty day moving average of $122.39 and a two-hundred day moving average of $121.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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 expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.93%. RTX’s dividend payout ratio (DPR) is 70.99%.

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.