Strategic Advisors LLC Purchases 409 Shares of RTX Co. (NYSE:RTX)

Strategic Advisors LLC grew its position in RTX Co. (NYSE:RTX) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,045 shares of the company’s stock after acquiring an additional 409 shares during the quarter. Strategic Advisors LLC’s holdings in RTX were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of RTX during the 4th quarter worth approximately $404,000. WBH Advisory Inc. lifted its position in shares of RTX by 8.6% during the 4th quarter. WBH Advisory Inc. now owns 7,392 shares of the company’s stock worth $855,000 after buying an additional 586 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of RTX by 5.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 38,447 shares of the company’s stock worth $4,449,000 after buying an additional 1,826 shares during the period. MOKAN Wealth Management Inc. bought a new position in shares of RTX during the 4th quarter worth approximately $694,000. Finally, Sheaff Brock Investment Advisors LLC lifted its position in shares of RTX by 3.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 3,886 shares of the company’s stock worth $450,000 after buying an additional 118 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 2.5 %

NYSE RTX opened at $122.68 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The stock has a fifty day moving average of $120.92 and a 200-day moving average of $120.72. The stock has a market capitalization of $163.42 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. On average, equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid 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 dividend yield of 2.05%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.07.

Insider Buying and Selling

In related 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 transaction 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 $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

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.