Crowley Wealth Management Inc. Invests $1.06 Million in RTX Co. (NYSE:RTX)

Crowley Wealth Management Inc. purchased a new position in RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,155 shares of the company's stock, valued at approximately $1,059,000. RTX comprises 0.9% of Crowley Wealth Management Inc.'s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management boosted its stake in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth about $39,000. Millstone Evans Group LLC acquired a new stake in shares of RTX during the 4th quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the fourth quarter valued at about $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.9 %

NYSE:RTX traded up $1.15 during mid-day trading on Tuesday, hitting $135.84. The company had a trading volume of 3,987,290 shares, compared to its average volume of 5,370,216. 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 firm has a market cap of $181.36 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.11 and a beta of 0.78. The business's fifty day moving average is $127.48 and its two-hundred day moving average is $122.66. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74.

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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, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts expect 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 was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.86%. RTX's dividend payout ratio is presently 70.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RTX shares. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Susquehanna boosted their price objective 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.40.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated 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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

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.