Cordatus Wealth Management LLC Takes Position in RTX Co. (NYSE:RTX)

Cordatus Wealth Management LLC acquired a new stake in RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,328 shares of the company's stock, valued at approximately $2,005,000.

Other large investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the 3rd quarter worth about $29,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the 3rd quarter valued at $41,000. Modus Advisors LLC bought a new stake in shares of RTX in the fourth quarter worth about $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the fourth quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC lifted its stake in RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after acquiring an additional 279 shares during the period. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on RTX. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus price target of $163.07.

RTX Stock Performance

Shares of RTX traded down $1.88 during mid-day trading on Friday, hitting $123.23. 4,845,158 shares of the company traded hands, compared to its average volume of 4,781,505. RTX Co. has a 1 year low of $88.90 and a 1 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 50-day moving average price of $121.49 and a two-hundred day moving average price of $120.89. The stock has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.12 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. RTX's payout ratio is 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.