RTX Co. (NYSE:RTX) is Dover Advisors LLC’s 10th Largest Position

Dover Advisors LLC lowered its position in RTX Co. (NYSE:RTX) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,835 shares of the company’s stock after selling 2,111 shares during the period. RTX makes up about 1.7% of Dover Advisors LLC’s portfolio, making the stock its 10th largest position. Dover Advisors LLC’s holdings in RTX were worth $2,990,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the third quarter worth about $29,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter worth approximately $41,000. Modus Advisors LLC purchased a new stake in RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the 4th quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of RTX by 296.8% in 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 last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Wells Fargo & Company upped their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. UBS Group raised their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Performance

NYSE RTX opened at $123.23 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The stock has a 50-day moving average of $121.49 and a 200 day moving average of $120.98. The stock has a market capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. Sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the 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 completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.