Bradley & Co. Private Wealth Management LLC Purchases New Stake in RTX Co. (NYSE:RTX)

Bradley & Co. Private Wealth Management LLC purchased a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 522 shares of the company’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also modified their holdings of the company. New England Professional Planning Group Inc. lifted its stake in shares of RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock valued at $253,000 after purchasing an additional 81 shares during the period. Avestar Capital LLC lifted its stake in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after acquiring an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC grew its stake in shares of RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after acquiring an additional 85 shares in the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of RTX by 0.7% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,798 shares of the company’s stock valued at $1,481,000 after purchasing an additional 85 shares during the last quarter. Finally, Traveka Wealth LLC lifted its position in shares of RTX by 3.2% in the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $142.00 to $147.00 in a research note on Monday. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, ten 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 currently has an average rating of “Moderate Buy” and a consensus price target of $163.40.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the 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 approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

RTX Stock Up 1.5 %

Shares of RTX opened at $127.30 on Wednesday. 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 stock has a market capitalization of $169.58 billion, a PE ratio of 35.86, a P/E/G ratio of 2.11 and a beta of 0.82. The firm’s 50 day moving average is $121.84 and its 200-day moving average is $121.13. RTX Co. has a 12 month low of $88.95 and a 12 month high of $132.43.

RTX (NYSE:RTX) last released 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%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.98%. 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.