Ausdal Financial Partners Inc. Raises Stock Position in RTX Co. (NYSE:RTX)

Ausdal Financial Partners Inc. lifted its position in shares of RTX Co. (NYSE:RTX) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,297 shares of the company’s stock after buying an additional 1,290 shares during the period. Ausdal Financial Partners Inc.’s holdings in RTX were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock worth $739,421,000 after buying an additional 490,109 shares during the period. Quantbot Technologies LP acquired a new position in shares of RTX in the 3rd quarter worth approximately $405,000. Transamerica Financial Advisors Inc. purchased a new position in shares of RTX during the 3rd quarter worth approximately $1,496,000. Cadence Bank increased its holdings in RTX by 1.4% in the 3rd quarter. Cadence Bank now owns 148,840 shares of the company’s stock valued at $18,033,000 after purchasing an additional 1,992 shares during the last quarter. Finally, RS Crum Inc. raised its position in RTX by 4.0% in the third quarter. RS Crum Inc. now owns 3,892 shares of the company’s stock valued at $472,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RTX shares. Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

RTX Stock Down 0.9 %

RTX stock opened at $134.46 on Thursday. The stock has a market cap of $179.52 billion, a PE ratio of 37.88, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s fifty day moving average is $128.12 and its two-hundred day moving average is $122.87. RTX Co. has a 1-year low of $96.33 and a 1-year high of $136.17.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. On average, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

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.