RTX Co. (NYSE:RTX) Shares Bought by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of RTX Co. (NYSE:RTX) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,555 shares of the company’s stock after acquiring an additional 633 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in RTX were worth $2,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC raised its stake in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company boosted their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group boosted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

RTX Stock Performance

Shares of NYSE:RTX opened at $125.95 on Friday. The business has a 50-day moving average of $120.70 and a two-hundred day moving average of $120.57. The firm has a market capitalization of $167.78 billion, a PE ratio of 35.48, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 12 month low of $88.90 and a 12 month 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 posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared 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 is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX’s dividend payout ratio is currently 70.99%.

RTX 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.