Radnor Capital Management LLC Acquires 758 Shares of RTX Co. (NYSE:RTX)

Radnor Capital Management LLC grew its holdings in RTX Co. (NYSE:RTX) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,585 shares of the company’s stock after purchasing an additional 758 shares during the quarter. Radnor Capital Management LLC’s holdings in RTX were worth $2,727,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. 10Elms LLP acquired a new stake in shares of RTX in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in RTX during the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management raised its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares during the period. Greenline Partners LLC acquired a new stake in RTX during the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in RTX during the 4th quarter worth approximately $39,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president now directly owns 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 0.1%

RTX stock opened at $139.21 on Friday. The company has a market cap of $185.98 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The business has a 50-day simple moving average of $129.63 and a 200 day simple moving average of $125.75. RTX Co. has a 52 week low of $99.07 and a 52 week high of $140.65. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This is a boost from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 23rd. RTX’s payout ratio is 79.77%.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Susquehanna decreased their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Cowen reissued a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Wells Fargo & Company lifted their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Finally, UBS Group lifted their price objective 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. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $159.82.

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.