Root Financial Partners LLC Boosts Position in RTX Co. (NYSE:RTX)

Root Financial Partners LLC grew its holdings in RTX Co. (NYSE:RTX) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,709 shares of the company’s stock after acquiring an additional 1,412 shares during the period. Root Financial Partners LLC’s holdings in RTX were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its stake in shares of RTX by 21.2% in the fourth quarter. Vontobel Holding Ltd. now owns 36,346 shares of the company’s stock worth $4,206,000 after buying an additional 6,350 shares during the last quarter. Bogart Wealth LLC lifted its holdings in RTX by 7.6% in the fourth quarter. Bogart Wealth LLC now owns 2,548 shares of the company’s stock valued at $295,000 after acquiring an additional 180 shares during the period. Asset Management One Co. Ltd. boosted its position in RTX by 9.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 540,535 shares of the company’s stock worth $63,086,000 after purchasing an additional 45,051 shares in the last quarter. Aljian Capital Management LLC grew its position in RTX by 37.3% during the fourth quarter. Aljian Capital Management LLC now owns 29,704 shares of the company’s stock valued at $3,437,000 after buying an additional 8,073 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in shares of RTX by 1.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 26,377 shares of the company’s stock valued at $3,052,000 after acquiring an additional 273 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

Shares of RTX stock opened at $125.95 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a market capitalization of $167.78 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The firm’s 50-day moving average is $120.70 and its two-hundred day moving average is $120.57. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 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%. Analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.