Financial Advocates Investment Management Has $1.61 Million Stock Position in RTX Co. (NYSE:RTX)

Financial Advocates Investment Management decreased its stake in shares of RTX Co. (NYSE:RTX) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,925 shares of the company’s stock after selling 538 shares during the period. Financial Advocates Investment Management’s holdings in RTX were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management grew its stake in shares of RTX by 1.6% during the 3rd quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock worth $4,932,000 after acquiring an additional 640 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in RTX in the third quarter valued at $350,000. CWM LLC increased its stake in RTX by 2.5% in the 3rd quarter. CWM LLC now owns 128,288 shares of the company’s stock valued at $15,543,000 after buying an additional 3,080 shares during the last quarter. Abner Herrman & Brock LLC lifted its position in RTX by 17.4% during the 3rd quarter. Abner Herrman & Brock LLC now owns 73,855 shares of the company’s stock worth $8,948,000 after buying an additional 10,937 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of RTX by 23.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock valued at $86,000 after acquiring an additional 134 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.3 %

RTX stock opened at $128.80 on Friday. The business’s fifty day moving average price is $119.87 and its two-hundred day moving average price is $119.90. The stock has a market capitalization of $171.43 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts anticipate that RTX Co. will post 6.12 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid 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 1.96%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’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 transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley increased 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. Royal Bank of Canada raised their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.07.

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.