RTX Co. (NYSE:RTX) Shares Acquired by Root Financial Partners LLC

Root Financial Partners LLC lifted its stake in RTX Co. (NYSE:RTX) by 32.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,709 shares of the company’s stock after acquiring an additional 1,412 shares during the quarter. Root Financial Partners LLC’s holdings in RTX were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Vontobel Holding Ltd. raised its position in RTX by 21.2% in the 4th quarter. Vontobel Holding Ltd. now owns 36,346 shares of the company’s stock valued at $4,206,000 after purchasing an additional 6,350 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of RTX by 7.6% during the fourth quarter. Bogart Wealth LLC now owns 2,548 shares of the company’s stock worth $295,000 after buying an additional 180 shares during the period. Asset Management One Co. Ltd. lifted its stake in RTX by 9.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 540,535 shares of the company’s stock worth $63,086,000 after acquiring an additional 45,051 shares during the last quarter. Aljian Capital Management LLC grew its holdings in RTX by 37.3% during the 4th quarter. Aljian Capital Management LLC now owns 29,704 shares of the company’s stock worth $3,437,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its position in shares of RTX by 1.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 26,377 shares of the company’s stock valued at $3,052,000 after purchasing an additional 273 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Bank of America upped their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Down 0.7 %

NYSE RTX opened at $125.95 on Friday. The firm’s fifty day moving average is $120.70 and its two-hundred day moving average is $120.57. RTX Co. has a one year low of $88.90 and a one year high of $132.43. 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 firm has a market cap of $167.78 billion, a PE ratio of 35.48, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results 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%. Analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Activity at RTX

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

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.