Y.D. More Investments Ltd Raises Position in RTX Co. (NYSE:RTX)

Y.D. More Investments Ltd lifted its position in shares of RTX Co. (NYSE:RTX) by 230.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 628 shares of the company’s stock after buying an additional 438 shares during the quarter. Y.D. More Investments Ltd’s holdings in RTX were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the third quarter valued at $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the 3rd quarter valued at about $41,000. ORG Wealth Partners LLC bought a new stake in shares of RTX in the third quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $129.12 on Thursday. The company has a market capitalization of $171.86 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $119.70 and its 200-day simple moving average is $119.83. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last posted 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 return on equity of 12.45% and a net margin of 5.91%. As a group, analysts expect that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $163.07.

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.