Cambridge Trust Co. Has $2.79 Million Holdings in RTX Co. (NYSE:RTX)

Cambridge Trust Co. trimmed its stake in RTX Co. (NYSE:RTX) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,126 shares of the company’s stock after selling 189 shares during the period. Cambridge Trust Co.’s holdings in RTX were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RTX. Twin Capital Management Inc. bought a new position in RTX during the 4th quarter valued at about $417,000. CapWealth Advisors LLC raised its stake in shares of RTX by 34.1% in the fourth quarter. CapWealth Advisors LLC now owns 283,373 shares of the company’s stock worth $23,843,000 after acquiring an additional 72,095 shares during the last quarter. HF Advisory Group LLC raised its stake in shares of RTX by 6.7% in the fourth quarter. HF Advisory Group LLC now owns 15,665 shares of the company’s stock worth $1,318,000 after acquiring an additional 990 shares during the last quarter. Roman Butler Fullerton & Co. raised its stake in shares of RTX by 102.4% in the fourth quarter. Roman Butler Fullerton & Co. now owns 7,315 shares of the company’s stock worth $661,000 after acquiring an additional 3,701 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of RTX by 5.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 130,150 shares of the company’s stock worth $10,951,000 after acquiring an additional 6,870 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 in the last quarter. 0.13% of the stock is owned by insiders.

RTX Price Performance

Shares of RTX stock traded up $0.28 on Thursday, reaching $101.03. The company had a trading volume of 2,576,550 shares, compared to its average volume of 8,218,382. The stock has a market capitalization of $134.33 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a one year low of $68.56 and a one year high of $104.91. The business’s 50-day moving average is $94.13 and its 200 day moving average is $86.13.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. Equities research analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Royal Bank of Canada upped their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. UBS Group boosted their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. Finally, Barclays boosted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.44.

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.