Private Advisor Group LLC Buys 4,277 Shares of RTX Co. (NYSE:RTX)

Private Advisor Group LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 169,420 shares of the company’s stock after acquiring an additional 4,277 shares during the quarter. Private Advisor Group LLC’s holdings in RTX were worth $19,605,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Raleigh Capital Management Inc. raised its position in shares of RTX by 52.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,004 shares of the company’s stock valued at $122,000 after buying an additional 345 shares in the last quarter. Eastern Bank raised its position in RTX by 699.9% during the third quarter. Eastern Bank now owns 39,267 shares of the company’s stock valued at $4,758,000 after purchasing an additional 34,358 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in RTX by 23.2% during the third quarter. Accordant Advisory Group Inc now owns 595 shares of the company’s stock worth $72,000 after purchasing an additional 112 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in shares of RTX by 6.2% in the 3rd quarter. Tempus Wealth Planning LLC now owns 7,591 shares of the company’s stock valued at $920,000 after purchasing an additional 445 shares in the last quarter. Finally, Liberty Capital Management Inc. increased its stake in shares of RTX by 0.3% in the 3rd quarter. Liberty Capital Management Inc. now owns 34,120 shares of the company’s stock valued at $4,134,000 after purchasing an additional 90 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on RTX. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Up 1.2 %

Shares of RTX stock opened at $125.26 on Thursday. The stock’s 50-day moving average is $121.20 and its 200 day moving average is $120.80. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The firm has a market cap of $166.87 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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

RTX Announces Dividend

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

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’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 completion of the sale, the executive vice president now 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 legal filing with the SEC, which is available through 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.