4,528 Shares in RTX Co. (NYSE:RTX) Bought by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. 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 4,528 shares of the company's stock, valued at approximately $524,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter worth $39,000. Comprehensive Financial Planning Inc. PA bought a new position in RTX in the 4th quarter worth $40,000. Iron Horse Wealth Management LLC boosted its holdings in RTX by 296.8% in the 4th 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 period. Finally, Centricity Wealth Management LLC bought a new position in RTX in the 4th quarter worth $52,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on RTX shares. Royal Bank of Canada upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating and upped their target price for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Finally, StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average price target of $163.40.

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Insiders Place Their Bets

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares of the company's stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.13% of the company's stock.

RTX Stock Up 0.3 %

Shares of NYSE RTX traded up $0.35 during midday trading on Friday, reaching $128.63. 6,417,602 shares of the company's stock traded hands, compared to its average volume of 5,617,576. 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 stock's 50 day simple moving average is $124.02 and its 200-day simple moving average is $121.83. RTX Co. has a one year low of $89.44 and a one year high of $135.36. The company has a market cap of $171.35 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last announced its 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%. On average, analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX's dividend payout ratio is currently 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.