450 Shares in RTX Co. (NYSE:RTX) Purchased by Centricity Wealth Management LLC

Centricity Wealth Management LLC acquired a new position in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 450 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Capital Group California Inc. boosted its position in shares of RTX by 103.0% in the 4th quarter. Legacy Capital Group California Inc. now owns 15,593 shares of the company’s stock worth $1,804,000 after purchasing an additional 7,910 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in RTX by 2.4% in the fourth quarter. Waterfront Wealth Inc. now owns 10,252 shares of the company’s stock worth $1,186,000 after acquiring an additional 240 shares in the last quarter. Boston Financial Mangement LLC grew its stake in shares of RTX by 5.4% in the fourth quarter. Boston Financial Mangement LLC now owns 44,010 shares of the company’s stock worth $5,093,000 after acquiring an additional 2,262 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of RTX during the fourth quarter valued at $320,000. Finally, Sunpointe LLC raised its position in shares of RTX by 22.1% in the 4th quarter. Sunpointe LLC now owns 3,038 shares of the company’s stock worth $352,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RTX. Citigroup upgraded shares of 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. Barclays boosted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred 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 transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Down 1.5 %

Shares of RTX stock opened at $123.23 on Friday. 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 stock has a market cap of $164.16 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a 50 day simple moving average of $121.49 and a two-hundred day simple moving average of $120.89.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate 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 expect that RTX Co. will post 6.11 earnings per share 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 given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX’s payout ratio is currently 70.99%.

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.