FourThought Financial Partners LLC Purchases 1,807 Shares of RTX Co. (NYSE:RTX)

FourThought Financial Partners LLC boosted its position in RTX Co. (NYSE:RTX) by 29.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,932 shares of the company’s stock after acquiring an additional 1,807 shares during the period. FourThought Financial Partners LLC’s holdings in RTX were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RTX. Cary Street Partners Investment Advisory LLC raised its position in RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Mather Group LLC. raised its holdings in shares of RTX by 8.5% during the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,079 shares in the last quarter. Rockline Wealth Management LLC purchased a new stake in RTX in the fourth quarter worth $2,438,000. B&D White Capital Company LLC bought a new stake in RTX in the third quarter valued at $14,186,000. Finally, PDS Planning Inc purchased a new position in RTX during the 4th quarter valued at $356,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird increased their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Hold” and an average target price of $96.93.

RTX Stock Down 0.5 %

Shares of RTX stock traded down $0.49 during mid-day trading on Friday, hitting $101.40. The company’s stock had a trading volume of 13,324,869 shares, compared to its average volume of 7,489,805. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The stock has a market cap of $134.81 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.83 and a beta of 0.84. The business has a 50-day moving average price of $96.70 and a 200 day moving average price of $88.60.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. RTX’s revenue was up 12.1% on a year-over-year basis. Research analysts predict that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

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

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the 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 transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,842 shares of company stock worth $13,603,426. Insiders own 0.13% of the company’s stock.

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.