Centric Wealth Management Increases Holdings in RTX Co. (NYSE:RTX)

Centric Wealth Management increased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 337.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,753 shares of the company's stock after acquiring an additional 12,150 shares during the period. Centric Wealth Management's holdings in RTX were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of RTX in the fourth quarter worth $31,000. Picton Mahoney Asset Management boosted its holdings in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in RTX during the 4th quarter valued at approximately $39,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the fourth quarter worth $40,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

A number of brokerages have commented on RTX. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley increased their target price on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.40.

RTX Stock Performance

NYSE:RTX traded down $9.80 during trading hours on Friday, reaching $120.43. The stock had a trading volume of 3,436,824 shares, compared to its average volume of 4,981,373. 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 cap of $160.79 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The stock has a 50 day simple moving average of $129.21 and a 200 day simple moving average of $123.36.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

RTX Company 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.