Prasad Wealth Partners LLC Invests $312,000 in RTX Co. (NYSE:RTX)

Prasad Wealth Partners LLC purchased a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,693 shares of the company’s stock, valued at approximately $312,000.

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the fourth quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC lifted its stake in 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 buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Trading Up 1.7 %

RTX opened at $125.33 on Tuesday. RTX Co. has a one year low of $88.95 and a one year high of $132.43. 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 stock has a market capitalization of $166.95 billion, a PE ratio of 35.30, a P/E/G ratio of 2.11 and a beta of 0.82. The business’s 50 day moving average price is $121.64 and its 200 day moving average price is $121.05.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. RTX’s dividend payout ratio is currently 70.99%.

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.