DMKC Advisory Services LLC Buys Shares of 17,753 RTX Co. (NYSE:RTX)

DMKC Advisory Services LLC acquired a new stake in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,753 shares of the company’s stock, valued at approximately $2,054,000. RTX comprises approximately 1.9% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently made changes to their positions in RTX. Concord Wealth Partners boosted its position in RTX by 13.3% during the 3rd quarter. Concord Wealth Partners now owns 757 shares of the company’s stock valued at $92,000 after buying an additional 89 shares during the period. Orrstown Financial Services Inc. grew its holdings in shares of RTX by 129.4% during the 3rd quarter. Orrstown Financial Services Inc. now owns 10,965 shares of the company’s stock worth $1,329,000 after acquiring an additional 6,185 shares during the period. Pallas Capital Advisors LLC grew its stake in RTX by 30.5% in the third quarter. Pallas Capital Advisors LLC now owns 5,104 shares of the company’s stock worth $639,000 after purchasing an additional 1,192 shares during the period. abrdn plc increased its stake in shares of RTX by 527.6% in the 3rd quarter. abrdn plc now owns 605,790 shares of the company’s stock worth $72,852,000 after acquiring an additional 509,261 shares in the last quarter. Finally, Traynor Capital Management Inc. bought a new position in shares of RTX during the third quarter valued at approximately $245,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 1.5 %

NYSE RTX opened at $127.30 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $169.58 billion, a P/E ratio of 35.86, a PEG ratio of 2.11 and a beta of 0.82. The firm’s 50-day moving average is $121.84 and its two-hundred day moving average is $121.13. RTX Co. has a 12 month low of $88.95 and a 12 month high of $132.43.

RTX (NYSE:RTX) last announced 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 return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the 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 sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, RTX 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.