WR Wealth Planners LLC Has $148,000 Stake in RTX Co. (NYSE:RTX)

WR Wealth Planners LLC trimmed its position in shares of RTX Co. (NYSE:RTX) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,275 shares of the company’s stock after selling 231 shares during the period. WR Wealth Planners LLC’s holdings in RTX were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX in the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the 4th quarter valued at $40,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,334 shares of company stock worth $4,639,194 over the last quarter. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $133.02 on Friday. The stock has a market capitalization of $177.19 billion, a PE ratio of 37.47, a PEG ratio of 2.11 and a beta of 0.82. The business’s 50 day simple moving average is $122.72 and its 200 day simple moving average is $121.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a one year low of $88.95 and a one year high of $133.09.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.89%. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.40.

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.