3,930 Shares in RTX Co. (NYSE:RTX) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 3,930 shares of the company’s stock, valued at approximately $455,000.

A number of other large investors also recently made changes to their positions in the business. LongView Wealth Management acquired a new position in shares of RTX during the 3rd quarter valued at about $218,000. Ritholtz Wealth Management increased its position in RTX by 15.4% during the third quarter. Ritholtz Wealth Management now owns 25,662 shares of the company’s stock worth $3,109,000 after purchasing an additional 3,420 shares during the last quarter. Carnegie Investment Counsel raised its stake in RTX by 0.3% during the third quarter. Carnegie Investment Counsel now owns 113,231 shares of the company’s stock worth $13,718,000 after purchasing an additional 362 shares during the period. CHICAGO TRUST Co NA boosted its holdings in shares of RTX by 18.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 11,636 shares of the company’s stock valued at $1,410,000 after purchasing an additional 1,790 shares during the last quarter. Finally, Ballew Advisors Inc purchased a new stake in shares of RTX during the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTX. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group boosted their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’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 sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

RTX Trading Down 0.6 %

NYSE:RTX opened at $128.07 on Monday. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The business’s 50-day simple moving average is $119.99 and its 200 day simple moving average is $120.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $170.60 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

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.