3,013 Shares in RTX Co. (NYSE:RTX) Bought by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,013 shares of the company’s stock, valued at approximately $349,000.

Several other hedge funds also recently added to or reduced their stakes in RTX. Gilman Hill Asset Management LLC acquired a new position in RTX during the 3rd quarter valued at about $202,000. Smith Chas P & Associates PA Cpas increased its position in RTX by 4.1% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 6,777 shares of the company’s stock valued at $821,000 after buying an additional 267 shares in the last quarter. Svenska Handelsbanken AB publ acquired a new position in RTX during the 3rd quarter valued at about $2,020,000. Paladin Wealth LLC acquired a new position in RTX during the 3rd quarter valued at about $174,000. Finally, Procyon Advisors LLC increased its holdings in shares of RTX by 1.4% in the third quarter. Procyon Advisors LLC now owns 33,970 shares of the company’s stock valued at $4,115,000 after purchasing an additional 463 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $128.11 on Tuesday. The company has a market capitalization of $170.65 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.17 and a beta of 0.82. The business’s 50 day moving average is $120.18 and its two-hundred day moving average is $120.38. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last released its 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%. Analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada increased their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group upped their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.