Vest Financial LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Vest Financial LLC increased its position in RTX Co. (NYSE:RTX) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,571 shares of the company’s stock after buying an additional 631 shares during the quarter. Vest Financial LLC’s holdings in RTX were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fermata Advisors LLC grew its stake in shares of RTX by 4.3% during the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock valued at $280,000 after buying an additional 96 shares during the last quarter. Iowa State Bank boosted its holdings in RTX by 128.9% during the 3rd quarter. Iowa State Bank now owns 35,304 shares of the company’s stock valued at $4,277,000 after acquiring an additional 19,880 shares during the period. LongView Wealth Management purchased a new position in RTX in the 3rd quarter worth approximately $218,000. MADDEN SECURITIES Corp bought a new stake in RTX in the third quarter valued at approximately $206,000. Finally, Wynn Capital LLC boosted its stake in shares of RTX by 3.6% during the third quarter. Wynn Capital LLC now owns 13,447 shares of the company’s stock valued at $1,629,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

Insiders Place Their Bets

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

RTX Stock Performance

Shares of RTX stock opened at $128.07 on Friday. 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 company has a 50 day moving average price of $119.99 and a 200-day moving average price of $120.17. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The firm has a market capitalization of $170.60 billion, a PE ratio of 36.08, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX’s dividend payout ratio is currently 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.