RTX Co. (NYSE:RTX) Shares Acquired by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,806 shares of the company’s stock after purchasing an additional 87 shares during the period. Weatherly Asset Management L. P.’s holdings in RTX were worth $2,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter worth about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX in the fourth quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Up 0.1 %

RTX stock opened at $128.11 on Tuesday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company 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 business’s 50-day simple moving average is $120.18 and its 200 day simple moving average is $120.38. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Buying and Selling at RTX

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

RTX 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.