Capital Wealth Planning LLC Buys New Position in RTX Co. (NYSE:RTX)

Capital Wealth Planning LLC bought a new stake in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,869,511 shares of the company’s stock, valued at approximately $216,340,000. RTX makes up approximately 2.0% of Capital Wealth Planning LLC’s portfolio, making the stock its 22nd biggest position. Capital Wealth Planning LLC owned approximately 0.14% of RTX as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the third quarter worth $29,000. Modus Advisors LLC purchased a new stake in RTX in the fourth quarter worth $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX in the fourth quarter worth $40,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the third quarter worth $41,000. Finally, Iron Horse Wealth Management LLC grew its stake in RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.9 %

RTX stock opened at $133.02 on Friday. RTX Co. has a fifty-two week low of $88.95 and a fifty-two week high of $133.09. The business’s 50-day moving average is $122.72 and its two-hundred day moving average is $121.38. 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 company has a market cap of $177.19 billion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,334 shares of company stock valued at $4,639,194. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. UBS Group raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

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.