Boston Financial Mangement LLC Grows Holdings in RTX Co. (NYSE:RTX)

Boston Financial Mangement LLC increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,010 shares of the company's stock after buying an additional 2,262 shares during the period. Boston Financial Mangement LLC's holdings in RTX were worth $5,093,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX during the 3rd quarter worth $29,000. Western Pacific Wealth Management LP bought a new position in RTX in the third quarter valued at about $41,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in RTX in the fourth quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded down $1.25 during mid-day trading on Friday, hitting $123.23. The company had a trading volume of 2,880,812 shares, compared to its average volume of 4,714,334. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The stock's fifty day moving average price is $121.38 and its two-hundred day moving average price is $120.83. The firm has a market cap of $164.16 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX's payout ratio is currently 70.99%.

Insider Buying and Selling

In other RTX 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 sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on RTX. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company upped their price objective on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and increased their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Six investment 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. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $163.07.

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.