Berkshire Money Management Inc. Purchases New Stake in RTX Co. (NYSE:RTX)

Berkshire Money Management Inc. acquired a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,834 shares of the company’s stock, valued at approximately $559,000.

Other large investors also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in RTX in the 3rd quarter worth approximately $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter valued at $41,000. ORG Wealth Partners LLC purchased a new stake in RTX during the 3rd quarter worth $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RTX. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price target 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. Finally, Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Performance

Shares of NYSE RTX opened at $128.42 on Wednesday. The stock has a market capitalization of $170.93 billion, a P/E ratio of 36.18, a P/E/G ratio of 2.17 and a beta of 0.82. The firm’s 50-day moving average price is $119.52 and its two-hundred day moving average price is $119.77. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its quarterly 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 return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts forecast that RTX Co. will post 6.12 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 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.