RTX Co. (NYSE:RTX) Stake Raised by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC raised its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 50.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,329 shares of the company's stock after purchasing an additional 12,118 shares during the period. Sound View Wealth Advisors Group LLC's holdings in RTX were worth $4,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RTX. Fusion Capital LLC increased its stake in RTX by 0.5% during the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after acquiring an additional 80 shares during the last quarter. McDonough Capital Management Inc grew its stake in RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after buying an additional 80 shares during the period. New England Professional Planning Group Inc. increased its position in shares of RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after acquiring an additional 81 shares in the last quarter. Pointe Capital Management LLC raised its stake in shares of RTX by 0.5% in the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after acquiring an additional 81 shares during the period. Finally, Avestar Capital LLC lifted its holdings in shares of RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock valued at $1,752,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

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Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at approximately $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 a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target on RTX from $151.00 to $156.00 and gave the stock 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 lifted their price objective for the company from $142.00 to $147.00 in a research note on Monday, February 24th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Morgan Stanley lifted their price target 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. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus price target of $163.40.

RTX Stock Performance

RTX traded up $0.35 during trading hours on Friday, hitting $128.63. 6,417,602 shares of the stock were exchanged, compared to its average volume of 5,617,576. The stock has a market cap of $171.35 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock has a 50-day simple moving average of $124.02 and a 200-day simple moving average of $121.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 12 month low of $89.44 and a 12 month high of $135.36.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.91% and a return on equity of 12.45%. Analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date 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 (DPR) is presently 70.99%.

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.