Advyzon Investment Management LLC Makes New Investment in RTX Co. (NYSE:RTX)

Advyzon Investment Management LLC purchased a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,763 shares of the company’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of RTX in the third quarter valued at approximately $240,000. MFA Wealth Advisors LLC grew its position in RTX by 29.8% in the third quarter. MFA Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $73,000 after purchasing an additional 139 shares in the last quarter. McAdam LLC increased its stake in RTX by 24.5% in the 3rd quarter. McAdam LLC now owns 4,511 shares of the company’s stock valued at $547,000 after buying an additional 889 shares during the last quarter. International Assets Investment Management LLC lifted its position in RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after buying an additional 1,686,007 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its holdings in shares of RTX by 3.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 7,672 shares of the company’s stock valued at $930,000 after acquiring an additional 230 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RTX. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Down 0.1 %

Shares of RTX stock opened at $125.25 on Friday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The firm has a 50 day moving average price of $121.38 and a two-hundred day moving average price of $120.83. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $166.85 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is 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.