Vision Financial Markets LLC Acquires Shares of 497 RTX Co. (NYSE:RTX)

Vision Financial Markets LLC bought a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 497 shares of the company’s stock, valued at approximately $58,000.

Other large investors also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter worth approximately $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the third quarter worth approximately $41,000. Modus Advisors LLC bought a new position in shares of RTX during the fourth quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the fourth quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $142.00 to $147.00 in a research report on Monday, February 24th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Trading Up 0.8 %

Shares of RTX stock opened at $129.75 on Thursday. The stock’s fifty day moving average price is $123.56 and its two-hundred day moving average price is $121.65. The company has a market cap of $172.85 billion, a PE ratio of 36.55, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $89.44 and a fifty-two week high of $135.36. 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 (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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 predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.13% of the company’s stock.

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.