Fourth Dimension Wealth LLC Acquires Shares of 848 RTX Co. (NYSE:RTX)

Fourth Dimension Wealth LLC acquired a new stake in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 848 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds also recently bought and sold shares of the company. LaFleur & Godfrey LLC lifted its position in shares of RTX by 0.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock worth $20,620,000 after purchasing an additional 900 shares in the last quarter. Traynor Capital Management Inc. lifted its position in shares of RTX by 19.3% in the fourth quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company’s stock worth $279,000 after purchasing an additional 390 shares in the last quarter. Red Door Wealth Management LLC lifted its position in shares of RTX by 2.6% in the fourth quarter. Red Door Wealth Management LLC now owns 8,415 shares of the company’s stock worth $974,000 after purchasing an additional 215 shares in the last quarter. New Century Financial Group LLC lifted its position in shares of RTX by 502.3% in the fourth quarter. New Century Financial Group LLC now owns 10,492 shares of the company’s stock worth $1,216,000 after purchasing an additional 8,750 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC lifted its position in shares of RTX by 10.1% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 4,766 shares of the company’s stock worth $577,000 after purchasing an additional 438 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,946 shares of company stock worth $9,024,856. Insiders own 0.15% of the company’s stock.

RTX Trading Down 1.3%

Shares of RTX stock opened at $132.38 on Friday. RTX Co. has a 12 month low of $99.07 and a 12 month high of $138.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $129.13 and its two-hundred day moving average is $124.72. The company has a market cap of $176.85 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Susquehanna cut their price objective on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $159.82.

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.