Hager Investment Management Services LLC Buys Shares of 8,736 RTX Co. (NYSE:RTX)

Hager Investment Management Services LLC bought a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,736 shares of the company’s stock, valued at approximately $1,011,000.

Several other large investors also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the 3rd quarter worth $29,000. Western Pacific Wealth Management LP purchased a new position in RTX during the 3rd quarter valued at about $41,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new stake in RTX in the 3rd quarter valued at about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Down 1.2 %

Shares of NYSE RTX opened at $128.42 on Wednesday. The company has a market cap of $170.93 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. 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’s 50 day simple moving average is $119.52 and its 200 day simple moving average is $119.77.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate 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 expect that RTX Co. will post 6.12 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

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.