Townsend & Associates Inc Has $22.23 Million Holdings in RTX Co. (NYSE:RTX)

Townsend & Associates Inc boosted its stake in shares of RTX Co. (NYSE:RTX) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,738 shares of the company’s stock after buying an additional 1,456 shares during the period. RTX comprises 2.3% of Townsend & Associates Inc’s investment portfolio, making the stock its 14th largest holding. Townsend & Associates Inc’s holdings in RTX were worth $22,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 1.5 %

Shares of RTX stock opened at $123.23 on Friday. The stock has a market capitalization of $164.16 billion, a P/E ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $121.49 and a two-hundred day moving average price of $120.93. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last issued its quarterly earnings results 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%. Equities analysts expect 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. Stockholders of record on Friday, February 21st will be issued 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 2.04%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on RTX shares. UBS Group boosted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

Insider Transactions at RTX

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

RTX Company 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.