New Republic Capital LLC Acquires 147 Shares of RTX Co. (NYSE:RTX)

New Republic Capital LLC grew its stake in RTX Co. (NYSE:RTX) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,005 shares of the company’s stock after acquiring an additional 147 shares during the period. New Republic Capital LLC’s holdings in RTX were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Gilman Hill Asset Management LLC acquired a new position in RTX in the third quarter valued at about $202,000. Smith Chas P & Associates PA Cpas raised its holdings in shares of RTX by 4.1% during the third quarter. Smith Chas P & Associates PA Cpas now owns 6,777 shares of the company’s stock worth $821,000 after acquiring an additional 267 shares during the period. Svenska Handelsbanken AB publ acquired a new position in shares of RTX during the third quarter worth about $2,020,000. Paladin Wealth LLC bought a new position in shares of RTX during the 3rd quarter worth approximately $174,000. Finally, Procyon Advisors LLC lifted its position in RTX by 1.4% during the 3rd quarter. Procyon Advisors LLC now owns 33,970 shares of the company’s stock worth $4,115,000 after buying an additional 463 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX stock opened at $128.11 on Tuesday. The stock’s fifty day moving average price is $120.18 and its two-hundred day moving average price is $120.38. The firm has a market cap of $170.65 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RTX shares. Wells Fargo & Company increased their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, UBS Group increased their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.