RTX Co. (NYSE:RTX) Holdings Raised by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in RTX Co. (NYSE:RTX) by 296.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373 shares of the company’s stock after buying an additional 279 shares during the period. Iron Horse Wealth Management LLC’s holdings in RTX were worth $43,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC raised its holdings in RTX by 19.7% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,974 shares of the company’s stock worth $344,000 after purchasing an additional 489 shares in the last quarter. Eagle Ridge Investment Management increased its position in shares of RTX by 1.2% during the 4th quarter. Eagle Ridge Investment Management now owns 120,731 shares of the company’s stock valued at $13,971,000 after purchasing an additional 1,401 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of RTX by 1.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 130,502 shares of the company’s stock valued at $15,102,000 after buying an additional 1,583 shares during the period. Adero Partners LLC boosted its stake in RTX by 3.7% during the fourth quarter. Adero Partners LLC now owns 8,401 shares of the company’s stock valued at $972,000 after buying an additional 300 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in RTX by 9.8% during the fourth quarter. Bleakley Financial Group LLC now owns 44,144 shares of the company’s stock worth $5,108,000 after acquiring an additional 3,950 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $128.80 on Friday. The firm has a market cap of $171.43 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $119.87 and a 200 day simple moving average of $119.90.

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, 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, sell-side analysts predict that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is presently 70.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RTX shares. Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Five equities research 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.