Comprehensive Financial Planning Inc. PA Takes $40,000 Position in RTX Co. (NYSE:RTX)

Comprehensive Financial Planning Inc. PA bought a new stake in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 349 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also recently made changes to their positions in RTX. Harbour Trust & Investment Management Co grew its holdings in shares of RTX by 2.5% in the fourth quarter. Harbour Trust & Investment Management Co now owns 91,393 shares of the company’s stock valued at $10,576,000 after purchasing an additional 2,229 shares during the period. Angeles Wealth Management LLC raised its holdings in shares of RTX by 4.0% in the 4th quarter. Angeles Wealth Management LLC now owns 8,516 shares of the company’s stock valued at $985,000 after purchasing an additional 325 shares in the last quarter. Liberty Capital Management Inc. boosted its holdings in RTX by 5.9% in the fourth quarter. Liberty Capital Management Inc. now owns 36,141 shares of the company’s stock valued at $4,182,000 after purchasing an additional 2,021 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of RTX during the fourth quarter worth about $363,000. Finally, Kestra Private Wealth Services LLC grew its position in RTX by 11.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 174,698 shares of the company’s stock worth $20,216,000 after purchasing an additional 17,628 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s 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 approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 0.1 %

Shares of NYSE RTX opened at $128.11 on Tuesday. The company has a market cap of $170.65 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The stock’s 50 day simple moving average is $120.18 and its 200 day simple moving average is $120.38. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last announced its quarterly 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%. Equities research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s dividend payout ratio is presently 70.99%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Five research 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. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

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.