Beese Fulmer Investment Management Inc. Purchases 620 Shares of RTX Co. (NYSE:RTX)

Beese Fulmer Investment Management Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,590 shares of the company’s stock after buying an additional 620 shares during the quarter. RTX makes up approximately 1.7% of Beese Fulmer Investment Management Inc.’s investment portfolio, making the stock its 15th largest position. Beese Fulmer Investment Management Inc.’s holdings in RTX were worth $20,319,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brookstone Capital Management boosted its holdings in RTX by 1.6% in the third quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock valued at $4,932,000 after acquiring an additional 640 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of RTX during the third quarter worth $350,000. CWM LLC raised its stake in RTX by 2.5% during the third quarter. CWM LLC now owns 128,288 shares of the company’s stock worth $15,543,000 after buying an additional 3,080 shares during the last quarter. Abner Herrman & Brock LLC lifted its holdings in RTX by 17.4% in the third quarter. Abner Herrman & Brock LLC now owns 73,855 shares of the company’s stock valued at $8,948,000 after buying an additional 10,937 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in RTX by 23.3% during the third quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock valued at $86,000 after acquiring an additional 134 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Down 0.3 %

Shares of RTX stock opened at $128.80 on Friday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $171.43 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.17 and a beta of 0.82. The company’s 50-day moving average price is $119.87 and its 200-day moving average price is $119.90.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. On average, equities analysts expect that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group increased their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given 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 a consensus target price 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.