RTX Co. (NYSE:RTX) Stock Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 59.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,537 shares of the company’s stock after purchasing an additional 1,312 shares during the period. Venturi Wealth Management LLC’s holdings in RTX were worth $409,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RTX. Commerzbank Aktiengesellschaft FI purchased a new position in RTX during the 3rd quarter valued at about $240,000. MFA Wealth Advisors LLC boosted its holdings in shares of RTX by 29.8% during the third quarter. MFA Wealth Advisors LLC now owns 605 shares of the company’s stock worth $73,000 after purchasing an additional 139 shares during the period. McAdam LLC grew its position in RTX by 24.5% during the third quarter. McAdam LLC now owns 4,511 shares of the company’s stock valued at $547,000 after purchasing an additional 889 shares in the last quarter. International Assets Investment Management LLC increased its stake in RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Finally, Patrick M Sweeney & Associates Inc. lifted its position in RTX by 3.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 7,672 shares of the company’s stock worth $930,000 after buying an additional 230 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RTX shares. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group upped their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Down 0.1 %

RTX stock opened at $125.25 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 50-day moving average of $121.38 and a two-hundred day moving average of $120.83. The stock has a market capitalization of $166.85 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43.

RTX (NYSE:RTX) last released 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%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX 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 value of $1,813,226.13. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at 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.