Wilmington Savings Fund Society FSB Buys 10,007 Shares of RTX Co. (NYSE:RTX)

Wilmington Savings Fund Society FSB lifted its stake in RTX Co. (NYSE:RTX) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,244 shares of the company’s stock after acquiring an additional 10,007 shares during the period. Wilmington Savings Fund Society FSB’s holdings in RTX were worth $14,493,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brookstone Capital Management grew its position in shares of RTX by 1.6% in the 3rd quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock worth $4,932,000 after buying an additional 640 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in RTX in the third quarter worth $350,000. CWM LLC increased its position in shares of RTX by 2.5% during the third quarter. CWM LLC now owns 128,288 shares of the company’s stock worth $15,543,000 after purchasing an additional 3,080 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of RTX by 23.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock valued at $86,000 after purchasing an additional 134 shares during the last quarter. Finally, Cypress Wealth Services LLC acquired a new stake in shares of RTX in the 3rd quarter worth $393,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $128.07 on Friday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. 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 stock has a market cap of $170.60 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The business has a 50-day simple moving average of $119.99 and a 200-day simple moving average of $120.07.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. 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 payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research analyst reports. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Barclays boosted their target price 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. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, UBS Group upped their target price on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.07.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

RTX Company 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.