Hemington Wealth Management Purchases 103 Shares of RTX Co. (NYSE:RTX)

Hemington Wealth Management lifted its position in shares of RTX Co. (NYSE:RTX) by 6.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,702 shares of the company’s stock after buying an additional 103 shares during the quarter. Hemington Wealth Management’s holdings in RTX were worth $196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in RTX in the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX in the 4th quarter worth approximately $40,000. Western Pacific Wealth Management LP bought a new stake in RTX in the 3rd quarter worth approximately $41,000. Finally, Iron Horse Wealth Management LLC grew its position in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research analyst reports. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, UBS Group lifted their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX opened at $126.82 on Thursday. 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 company has a market cap of $168.94 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.17 and a beta of 0.82. The firm’s fifty day moving average is $120.55 and its two-hundred day moving average is $120.53. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.99%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.