Wayfinding Financial LLC Purchases Shares of 2,024 RTX Co. (NYSE:RTX)

Wayfinding Financial LLC acquired a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,024 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds have also recently bought and sold shares of RTX. Fairway Wealth LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management increased 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 during the last quarter. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX during the 4th quarter worth $40,000. Finally, Iron Horse Wealth Management LLC boosted its stake in RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock valued at $43,000 after buying an additional 279 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.9 %

Shares of NYSE RTX traded up $1.15 during midday trading on Tuesday, reaching $135.84. The stock had a trading volume of 3,989,259 shares, compared to its average volume of 5,363,419. RTX Co. has a twelve month low of $95.58 and a twelve month high of $135.94. 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 company's 50 day moving average price is $127.81 and its 200 day moving average price is $122.79. The firm has a market cap of $181.36 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. As a group, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on RTX. Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

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.