Opinicus Capital Inc. Invests $1.05 Million in RTX Co. (NYSE:RTX)

Opinicus Capital Inc. purchased a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,488 shares of the company’s stock, valued at approximately $1,051,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. Cary Street Partners Investment Advisory LLC raised its stake in RTX by 26.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after purchasing an additional 28,910 shares during the period. Rockline Wealth Management LLC purchased a new position in RTX during the fourth quarter worth about $2,438,000. B&D White Capital Company LLC purchased a new position in RTX during the third quarter worth about $14,186,000. PDS Planning Inc purchased a new stake in shares of RTX in the 4th quarter valued at approximately $356,000. Finally, Cullen Investment Group LTD. purchased a new stake in shares of RTX in the 4th quarter valued at approximately $843,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Citigroup boosted their price target on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna boosted their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Finally, UBS Group lifted their price objective on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.27.

RTX Stock Down 0.3 %

NYSE RTX traded down $0.30 on Friday, hitting $101.41. 4,428,318 shares of the stock were exchanged, compared to its average volume of 8,154,806. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a market cap of $134.83 billion, a PE ratio of 39.76, a PEG ratio of 1.84 and a beta of 0.88. The company has a 50-day moving average price of $95.57 and a 200-day moving average price of $87.51.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter in the previous year, the business posted $1.22 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 92.55%.

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.