Catalyst Financial Partners LLC Has $819,000 Stock Holdings in RTX Co. (NYSE:RTX)

Catalyst Financial Partners LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,734 shares of the company’s stock after purchasing an additional 1,525 shares during the quarter. Catalyst Financial Partners LLC’s holdings in RTX were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of RTX. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in RTX by 4.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 314,282 shares of the company’s stock valued at $22,619,000 after purchasing an additional 13,881 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in RTX by 55.7% during the third quarter. Mackenzie Financial Corp now owns 725,142 shares of the company’s stock valued at $51,181,000 after acquiring an additional 259,316 shares during the period. Chatham Capital Group Inc. grew its position in shares of RTX by 44.7% in the third quarter. Chatham Capital Group Inc. now owns 4,347 shares of the company’s stock valued at $313,000 after purchasing an additional 1,343 shares during the last quarter. Baystate Wealth Management LLC lifted its position in shares of RTX by 9.9% during the 3rd quarter. Baystate Wealth Management LLC now owns 9,240 shares of the company’s stock worth $665,000 after purchasing an additional 829 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in RTX by 6.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 150,909 shares of the company’s stock valued at $10,861,000 after purchasing an additional 9,418 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Barclays boosted their price objective on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. TD Cowen increased their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Bank of America boosted their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird raised their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $96.93.

Insider Buying and Selling at RTX

In other news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction 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 transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,618 shares of company stock worth $13,397,978. 0.13% of the stock is currently owned by insiders.

RTX Price Performance

Shares of NYSE RTX traded up $1.79 during midday trading on Thursday, reaching $105.73. 7,210,085 shares of the company traded hands, compared to its average volume of 8,055,303. RTX Co. has a 12 month low of $68.56 and a 12 month high of $105.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The stock’s 50-day simple moving average is $97.48 and its 200-day simple moving average is $89.21. The firm has a market cap of $140.57 billion, a PE ratio of 40.73, a PEG ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $1.22 EPS. As a group, equities analysts anticipate that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.38%. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. RTX’s dividend payout ratio (DPR) is currently 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.