Level Four Advisory Services LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Level Four Advisory Services LLC boosted its holdings in shares of RTX Co. (NYSE:RTX) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,380 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Level Four Advisory Services LLC’s holdings in RTX were worth $3,168,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. Orion Portfolio Solutions LLC increased its position in RTX by 3.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 108,267 shares of the company’s stock valued at $12,529,000 after purchasing an additional 3,173 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of RTX by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 399,825 shares of the company’s stock valued at $46,268,000 after buying an additional 1,557 shares during the period. Broadway Wealth Solutions Inc. purchased a new position in shares of RTX during the fourth quarter valued at about $1,208,000. New Age Alpha Advisors LLC purchased a new stake in RTX in the fourth quarter worth about $1,754,000. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in RTX during the 4th quarter valued at approximately $10,709,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $131.68 on Friday. RTX Co. has a one year low of $97.03 and a one year high of $136.17. The stock has a 50-day moving average of $128.59 and a 200 day moving average of $123.01. 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 capitalization of $175.81 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.91%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Morgan Stanley boosted 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $166.40.

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.