Northern Financial Advisors Inc Buys 734 Shares of RTX Co. (NYSE:RTX)

Northern Financial Advisors Inc raised its stake in RTX Co. (NYSE:RTX) by 15.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,374 shares of the company’s stock after buying an additional 734 shares during the quarter. Northern Financial Advisors Inc’s holdings in RTX were worth $452,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bear Mountain Capital Inc. purchased a new stake in RTX during the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX during the 3rd quarter valued at $28,000. Planned Solutions Inc. acquired a new position in RTX during the 4th quarter valued at about $30,000. Financial Gravity Asset Management Inc. grew its stake in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. increased its holdings in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. TD Cowen boosted their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Susquehanna raised their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Finally, Bank of America raised their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $96.93.

RTX Price Performance

NYSE:RTX traded up $0.37 during trading hours on Wednesday, reaching $103.60. 1,154,627 shares of the company were exchanged, compared to its average volume of 8,018,607. The stock’s 50-day moving average is $97.20 and its 200-day moving average is $89.11. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The firm has a market cap of $137.74 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion during 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 period in the previous year, the business earned $1.22 EPS. On average, sell-side analysts anticipate that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.43%. RTX’s dividend payout ratio (DPR) is 92.55%.

Insider Transactions at RTX

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the transaction, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders have sold a total of 135,618 shares of company stock worth $13,397,978 in the last quarter. Company insiders own 0.13% of the company’s stock.

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.