RTX Co. (NYSE:RTX) is Benedict Financial Advisors Inc.’s 7th Largest Position

Benedict Financial Advisors Inc. decreased its holdings in RTX Co. (NYSE:RTX) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,854 shares of the company’s stock after selling 933 shares during the period. RTX comprises approximately 2.1% of Benedict Financial Advisors Inc.’s holdings, making the stock its 7th largest holding. Benedict Financial Advisors Inc.’s holdings in RTX were worth $8,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fermata Advisors LLC increased its position in shares of RTX by 4.3% during the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock worth $280,000 after acquiring an additional 96 shares during the period. Iowa State Bank raised its position in RTX by 128.9% during the 3rd quarter. Iowa State Bank now owns 35,304 shares of the company’s stock valued at $4,277,000 after purchasing an additional 19,880 shares in the last quarter. LongView Wealth Management purchased a new stake in shares of RTX in the 3rd quarter worth $218,000. MADDEN SECURITIES Corp bought a new position in shares of RTX during the 3rd quarter worth $206,000. Finally, Wynn Capital LLC increased its stake in shares of RTX by 3.6% during the third quarter. Wynn Capital LLC now owns 13,447 shares of the company’s stock valued at $1,629,000 after buying an additional 465 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group lifted 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. Susquehanna upped their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Trading Down 0.6 %

NYSE RTX opened at $128.07 on Friday. The stock has a market cap of $170.60 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a fifty day simple moving average of $119.99 and a two-hundred day simple moving average of $120.17.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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, analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.