RTX Co. (NYSE:RTX) Shares Purchased by Heritage Wealth Management Inc. CA

Heritage Wealth Management Inc. CA grew its position in RTX Co. (NYSE:RTX) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,508 shares of the company’s stock after buying an additional 876 shares during the period. Heritage Wealth Management Inc. CA’s holdings in RTX were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Asset Management Inc. grew its holdings in shares of RTX by 6.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock worth $7,846,000 after purchasing an additional 3,818 shares during the period. Larson Financial Group LLC boosted its position in shares of RTX by 124.7% during the 3rd quarter. Larson Financial Group LLC now owns 9,364 shares of the company’s stock worth $1,134,000 after purchasing an additional 5,196 shares during the period. Daiwa Securities Group Inc. increased its holdings in RTX by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 162,308 shares of the company’s stock valued at $19,665,000 after purchasing an additional 13,800 shares during the last quarter. Fisher Asset Management LLC raised its position in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. Finally, Douglass Winthrop Advisors LLC lifted its stake in RTX by 4.2% during the third quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock worth $761,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $134.76 on Tuesday. The stock’s 50-day simple moving average is $127.48 and its 200-day simple moving average is $122.66. The firm has a market capitalization of $179.92 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on RTX. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average 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.