8,299 Shares in RTX Co. (NYSE:RTX) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC acquired a new position in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,299 shares of the company’s stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobsen Capital Management raised its stake in shares of RTX by 3.0% during the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares in the last quarter. Diligent Investors LLC raised its stake in shares of RTX by 1.4% during the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Dempze Nancy E raised its stake in shares of RTX by 0.5% during the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after purchasing an additional 130 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of RTX by 0.8% during the 4th quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock valued at $1,330,000 after acquiring an additional 130 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock traded down $0.30 during trading on Friday, hitting $101.41. The company had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. The company has a fifty day moving average price of $95.57 and a two-hundred day moving average price of $87.51. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The company has a market cap of $134.83 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.84 and a beta of 0.88. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. Equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is currently 92.55%.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price objective on shares of RTX in a report on Monday, April 1st. TD Cowen increased their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Citigroup raised their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays raised their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.27.

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.