WealthPLAN Partners LLC Buys 413 Shares of RTX Co. (NYSE:RTX)

WealthPLAN Partners LLC increased its stake in RTX Co. (NYSE:RTX) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,737 shares of the company’s stock after buying an additional 413 shares during the quarter. WealthPLAN Partners LLC’s holdings in RTX were worth $317,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Adell Harriman & Carpenter Inc. increased its stake in RTX by 23.3% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 78,347 shares of the company’s stock worth $9,066,000 after purchasing an additional 14,828 shares during the period. Blue Trust Inc. increased its stake in RTX by 13.7% in the fourth quarter. Blue Trust Inc. now owns 23,913 shares of the company’s stock worth $2,767,000 after purchasing an additional 2,885 shares during the period. Roman Butler Fullerton & Co. increased its stake in RTX by 9.1% in the fourth quarter. Roman Butler Fullerton & Co. now owns 9,684 shares of the company’s stock worth $1,211,000 after purchasing an additional 809 shares during the period. Red Cedar Investment Management LLC purchased a new stake in RTX in the fourth quarter worth $1,173,000. Finally, Kanawha Capital Management LLC increased its stake in RTX by 1.6% in the fourth quarter. Kanawha Capital Management LLC now owns 170,442 shares of the company’s stock worth $19,724,000 after purchasing an additional 2,661 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $122.68 on Friday. 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 cap of $163.42 billion, a PE ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. The business has a 50-day simple moving average of $120.79 and a two-hundred day simple moving average of $120.65. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on RTX shares. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.