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

Bradley & Co. Private Wealth Management LLC bought a new position in shares of RTX Co. (NYSE:RTX) during the 4th quarter, Holdings Channel.com reports. The firm bought 522 shares of the company’s stock, valued at approximately $60,000.

Other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the third quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the 4th quarter worth approximately $40,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $142.00 to $147.00 in a research note on Monday. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Bank of America boosted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Stock Up 1.5 %

Shares of NYSE:RTX opened at $127.30 on Wednesday. The business’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. The stock has a market cap of $169.58 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.11 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.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.