Borer Denton & Associates Inc. Invests $250,000 in RTX Co. (NYSE:RTX)

Borer Denton & Associates Inc. bought a new position in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,157 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Ausdal Financial Partners Inc. lifted its stake in RTX by 14.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 10,297 shares of the company’s stock worth $1,192,000 after purchasing an additional 1,290 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of RTX by 145.3% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 11,119 shares of the company’s stock worth $1,287,000 after purchasing an additional 6,587 shares during the last quarter. Financial Counselors Inc. increased its holdings in RTX by 0.3% during the 4th quarter. Financial Counselors Inc. now owns 481,538 shares of the company’s stock valued at $55,724,000 after purchasing an additional 1,390 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in RTX by 28.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 38,407 shares of the company’s stock valued at $4,444,000 after purchasing an additional 8,400 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its holdings in RTX by 3.4% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 4,521 shares of the company’s stock worth $523,000 after buying an additional 148 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX opened at $135.84 on Wednesday. The firm has a 50 day moving average of $127.81 and a 200 day moving average of $122.79. The firm has a market capitalization of $181.36 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 12-month low of $95.58 and a 12-month high of $135.94. 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 (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Company 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.