Stratos Wealth Advisors LLC Reduces Position in RTX Co. (NYSE:RTX)

Stratos Wealth Advisors LLC reduced its position in RTX Co. (NYSE:RTX) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,672 shares of the company’s stock after selling 478 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in RTX were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter worth $29,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the third quarter worth about $41,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at about $39,000. ORG Wealth Partners LLC purchased a new stake in RTX during the 3rd quarter valued at approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.6 %

Shares of RTX stock opened at $129.12 on Thursday. The stock has a market cap of $171.86 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The business has a fifty day simple moving average of $119.70 and a 200-day simple moving average of $119.83.

RTX (NYSE:RTX) last announced its earnings results 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 net margin of 5.91% and a return on equity of 12.45%. On average, analysts forecast that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Dividend Announcement

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 given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is 70.99%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RTX. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.