Tyche Wealth Partners LLC Increases Stake in RTX Co. (NYSE:RTX)

Tyche Wealth Partners LLC raised its holdings in RTX Co. (NYSE:RTX) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,423 shares of the company’s stock after buying an additional 2,130 shares during the quarter. Tyche Wealth Partners LLC’s holdings in RTX were worth $1,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Money Concepts Capital Corp grew its position in shares of RTX by 4.7% in the 4th quarter. Money Concepts Capital Corp now owns 26,455 shares of the company’s stock worth $3,061,000 after buying an additional 1,194 shares during the last quarter. Confluence Wealth Services Inc. grew its position in shares of RTX by 8.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 4,140 shares of the company’s stock worth $523,000 after buying an additional 315 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RTX by 73.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,867 shares of the company’s stock worth $15,965,000 after buying an additional 57,873 shares during the last quarter. Berkshire Money Management Inc. bought a new stake in shares of RTX in the 4th quarter worth approximately $559,000. Finally, Lockheed Martin Investment Management Co. grew its position in shares of RTX by 10.7% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 89,820 shares of the company’s stock worth $10,394,000 after buying an additional 8,690 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RTX shares. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Up 0.6 %

RTX stock opened at $129.12 on Thursday. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The business has a fifty day moving average price of $119.70 and a 200-day moving average price of $119.83. 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 has a market capitalization of $171.86 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly 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%. Equities analysts forecast that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 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.