3,013 Shares in RTX Co. (NYSE:RTX) Purchased by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC bought a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,013 shares of the company's stock, valued at approximately $349,000.

Other hedge funds have also added to or reduced their stakes in the company. Gilman Hill Asset Management LLC bought a new stake in shares of RTX during the 3rd quarter valued at $202,000. Smith Chas P & Associates PA Cpas grew its position in shares of RTX by 4.1% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 6,777 shares of the company's stock valued at $821,000 after acquiring an additional 267 shares during the period. Svenska Handelsbanken AB publ bought a new stake in shares of RTX during the 3rd quarter valued at $2,020,000. Paladin Wealth LLC bought a new stake in shares of RTX during the 3rd quarter valued at $174,000. Finally, Procyon Advisors LLC grew its position in shares of RTX by 1.4% during the 3rd quarter. Procyon Advisors LLC now owns 33,970 shares of the company's stock valued at $4,115,000 after acquiring an additional 463 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock traded down $3.89 during mid-day trading on Friday, hitting $121.95. The company had a trading volume of 5,153,789 shares, compared to its average volume of 4,710,917. The company has a market capitalization of $162.45 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $120.70 and a 200 day moving average price of $120.57.

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RTX (NYSE:RTX - Get Free Report) last announced its earnings results 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%. On average, research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current 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 given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio is 70.99%.

Insider Activity

In other 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent research reports. Susquehanna boosted their price objective 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. Morgan Stanley upped their target price 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. Wells Fargo & Company upped their target price on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Bank of America upped their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.07.

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.