Apollon Wealth Management LLC Has $7.32 Million Stock Holdings in RTX Co. (NYSE:RTX)

Apollon Wealth Management LLC raised its position in RTX Co. (NYSE:RTX) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,212 shares of the company’s stock after purchasing an additional 7,657 shares during the period. Apollon Wealth Management LLC’s holdings in RTX were worth $7,315,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RTX. CX Institutional lifted its holdings in RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after acquiring an additional 11,706 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new position in shares of RTX in the 3rd quarter valued at approximately $1,307,000. Czech National Bank increased its stake in RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $8,387,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Down 0.6 %

Shares of RTX stock opened at $128.07 on Friday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $170.60 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. The firm’s 50-day moving average is $119.99 and its 200-day moving average is $120.07.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is presently 70.99%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RTX. JPMorgan Chase & Co. raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday. Barclays lifted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group upped their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.