RTX Co. (NYSE:RTX) Shares Bought by PFG Advisors

PFG Advisors lifted its stake in shares of RTX Co. (NYSE:RTX) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,083 shares of the company’s stock after acquiring an additional 179 shares during the period. PFG Advisors’ holdings in RTX were worth $1,977,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX during the fourth quarter valued at $31,000. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the fourth quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC boosted 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 valued at $43,000 after acquiring an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RTX shares. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. 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 report on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. This trade represents a 39.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

RTX Price Performance

RTX stock opened at $128.09 on Thursday. 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 Co. has a 1 year low of $89.82 and a 1 year high of $135.36. The firm has a market cap of $170.63 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock has a 50-day simple moving average of $124.78 and a 200-day simple moving average of $122.01.

RTX (NYSE:RTX) last posted its 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 predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm 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 1.97%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.