RTX Co. (NYSE:RTX) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 24.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,911 shares of the company’s stock after buying an additional 1,555 shares during the period. Schechter Investment Advisors LLC’s holdings in RTX were worth $916,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new position in RTX during the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new position in RTX during the 3rd quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC increased its stake in RTX by 296.8% during the 4th 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 during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of several research reports. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $142.00 to $147.00 in a research report on Monday, February 24th. 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. Finally, Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Performance

RTX stock opened at $133.68 on Tuesday. 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 stock has a market cap of $178.08 billion, a P/E ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82. The firm has a 50 day simple moving average of $123.06 and a 200 day simple moving average of $121.52. RTX Co. has a 52 week low of $89.14 and a 52 week high of $135.36.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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%. Research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.