DecisionMap Wealth Management LLC Takes Position in RTX Co. (NYSE:RTX)

DecisionMap Wealth Management LLC acquired a new stake in shares of RTX Co. (NYSE:RTX) during the fourth quarter, Holdings Channel.com reports. The fund acquired 5,071 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the third quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter valued at approximately $31,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the fourth quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $128.09 on Thursday. RTX Co. has a 1 year low of $89.82 and a 1 year high of $135.36. The company has a market cap of $170.63 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a fifty day moving average of $124.78 and a 200-day moving average of $122.01.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate 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, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed 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. This represents a $2.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.