DeDora Capital Inc. Buys 1,040 Shares of RTX Co. (NYSE:RTX)

DeDora Capital Inc. lifted its stake in RTX Co. (NYSE:RTX) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,018 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. DeDora Capital Inc.’s holdings in RTX were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P lifted its stake in shares of RTX by 94.5% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock worth $31,918,000 after purchasing an additional 156,550 shares during the period. Parkside Financial Bank & Trust grew its position in shares of RTX by 9.2% during the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock valued at $1,091,000 after purchasing an additional 931 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of RTX by 1.2% during the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after acquiring an additional 128 shares during the last quarter. AMI Investment Management Inc. increased its holdings in shares of RTX by 53.1% in the 1st quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock worth $3,517,000 after buying an additional 12,316 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of RTX by 1.4% in the 1st quarter. LSV Asset Management now owns 141,700 shares of the company’s stock valued at $14,038,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RTX has been the topic of several research reports. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and raised their price target for the company from $78.00 to $100.00 in a research note on Thursday, January 25th. Robert W. Baird reiterated a “neutral” rating and set a $94.00 price objective (up from $88.00) on shares of RTX in a research note on Tuesday, January 16th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Royal Bank of Canada raised their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Finally, Wells Fargo & Company upgraded RTX from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $120.00 in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.12.

RTX Trading Up 0.1 %

RTX traded up $0.11 during mid-day trading on Thursday, reaching $97.56. The stock had a trading volume of 10,700,468 shares, compared to its average volume of 8,121,944. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The stock has a market capitalization of $129.72 billion, a P/E ratio of 43.55, a P/E/G ratio of 1.75 and a beta of 0.87. The firm’s fifty day simple moving average is $91.41 and its two-hundred day simple moving average is $83.52.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 EPS. On average, equities analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 105.36%.

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.