Stratos Wealth Advisors LLC Decreases Stock Position in RTX Co. (NYSE:RTX)

Stratos Wealth Advisors LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,672 shares of the company’s stock after selling 478 shares during the period. Stratos Wealth Advisors LLC’s holdings in RTX were worth $1,698,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Avestar Capital LLC increased its stake in RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after acquiring an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC grew its holdings in shares of RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC raised its holdings in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after buying an additional 86 shares during the period. Finally, Traveka Wealth LLC boosted its stake in RTX by 3.2% during the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after buying an additional 86 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX stock opened at $129.12 on Thursday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $171.86 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a fifty day simple moving average of $119.70 and a 200-day simple moving average of $119.83.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Equities analysts expect that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

Several brokerages have recently commented on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Bank of America raised their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.