Sigma Planning Corp Has $3.59 Million Stock Holdings in RTX Co. (NYSE:RTX)

Sigma Planning Corp raised its stake in RTX Co. (NYSE:RTX) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,012 shares of the company’s stock after buying an additional 294 shares during the quarter. Sigma Planning Corp’s holdings in RTX were worth $3,589,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the 4th quarter valued at approximately $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth $41,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The shares were 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 owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna increased their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Price Performance

Shares of RTX stock opened at $123.23 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The firm has a fifty day moving average price of $121.49 and a two-hundred day moving average price of $120.93. The company has a market cap of $164.16 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.