Opal Wealth Advisors LLC Decreases Holdings in RTX Co. (NYSE:RTX)

Opal Wealth Advisors LLC lessened its stake in shares of RTX Co. (NYSE:RTX) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,620 shares of the company’s stock after selling 89 shares during the period. Opal Wealth Advisors LLC’s holdings in RTX were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter worth approximately $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 position in shares of RTX during the 4th quarter valued at $40,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the 3rd quarter worth $41,000. Finally, Iron Horse Wealth Management LLC increased its holdings in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $128.07 on Monday. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market capitalization of $170.60 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. The company’s fifty day moving average price is $119.99 and its 200-day moving average price is $120.28.

RTX (NYSE:RTX) last released its quarterly 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%. On average, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Bank of America raised 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. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.