5,157 Shares in RTX Co. (NYSE:RTX) Bought by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. acquired a new position in RTX Co. (NYSE:RTX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,157 shares of the company’s stock, valued at approximately $434,000.

A number of other hedge funds also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in RTX in the fourth quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in RTX in the third quarter worth about $28,000. Quarry LP acquired a new position in RTX in the first quarter worth about $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX during the fourth quarter worth approximately $30,000. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

NYSE RTX traded down $0.06 during trading on Thursday, reaching $100.69. The company’s stock had a trading volume of 4,238,171 shares, compared to its average volume of 8,241,821. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $133.88 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The firm has a 50 day moving average price of $94.13 and a 200 day moving average price of $86.13.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 EPS. As a group, equities analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is presently 105.36%.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly 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 available through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, 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 sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. TD Cowen raised their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Barclays raised their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird raised their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Hold” and an average target price of $94.44.

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.