Pettyjohn Wood & White Inc. Boosts Stake in RTX Co. (NYSE:RTX)

Pettyjohn Wood & White Inc. lifted its position in RTX Co. (NYSE:RTX) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,427 shares of the company’s stock after purchasing an additional 1,827 shares during the quarter. RTX makes up 1.4% of Pettyjohn Wood & White Inc.’s investment portfolio, making the stock its 21st biggest holding. Pettyjohn Wood & White Inc.’s holdings in RTX were worth $7,571,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Argyle Capital Management LLC grew its position in shares of RTX by 0.9% during the fourth quarter. Argyle Capital Management LLC now owns 43,029 shares of the company’s stock worth $4,979,000 after acquiring an additional 395 shares during the last quarter. Bouchey Financial Group Ltd raised its position in RTX by 23.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 2,533 shares of the company’s stock valued at $293,000 after purchasing an additional 476 shares during the last quarter. Fusion Capital LLC boosted its stake in RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock worth $1,754,000 after purchasing an additional 80 shares during the period. Fort Sheridan Advisors LLC grew its position in RTX by 7.7% during the 4th quarter. Fort Sheridan Advisors LLC now owns 20,890 shares of the company’s stock worth $2,417,000 after purchasing an additional 1,493 shares during the last quarter. Finally, HC Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $652,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 2.5 %

Shares of RTX opened at $130.49 on Friday. RTX Co. has a twelve month low of $88.95 and a twelve 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. The firm has a market capitalization of $173.83 billion, a P/E ratio of 36.76, a PEG ratio of 2.11 and a beta of 0.82. The firm’s 50-day moving average is $122.39 and its two-hundred day moving average is $121.24.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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, research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Susquehanna boosted their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares of the company’s stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm’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 transaction of $1,813,226.13. Following the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 36,334 shares of company stock worth $4,639,194 in the last three months. Corporate 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.