RTX Co. (NYSE:RTX) Shares Purchased by DeDora Capital Inc.

DeDora Capital Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 16.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,240 shares of the company’s stock after purchasing an additional 3,222 shares during the quarter. DeDora Capital Inc.’s holdings in RTX were worth $2,169,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bear Mountain Capital Inc. purchased a new position in shares of RTX in the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX during the 3rd quarter valued at approximately $28,000. Planned Solutions Inc. purchased a new stake in shares of RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. grew its holdings in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. Finally, Valley National Advisers Inc. raised its holdings in RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the transaction, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,842 shares of company stock valued at $13,603,426. Insiders own 0.13% of the company’s stock.

RTX Trading Down 0.5 %

Shares of NYSE RTX traded down $0.49 on Friday, reaching $101.40. 13,324,869 shares of the company traded hands, compared to its average volume of 7,489,805. The stock has a market capitalization of $134.81 billion, a PE ratio of 39.76, a P/E/G ratio of 1.83 and a beta of 0.84. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $96.70 and a 200 day moving average of $88.49.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same period last year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 annualized dividend and a dividend yield of 2.49%. RTX’s dividend payout ratio (DPR) is currently 92.55%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Bank of America upped their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company restated an “overweight” rating and set a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Susquehanna increased their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. UBS Group lifted their price objective on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Hold” and an average price target of $96.93.

RTX Company 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.