Whipplewood Advisors LLC Acquires Shares of 1,555 RTX Co. (NYSE:RTX)

Whipplewood Advisors LLC acquired a new stake in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,555 shares of the company’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pallas Capital Advisors LLC lifted its stake in shares of RTX by 30.5% in the third quarter. Pallas Capital Advisors LLC now owns 5,104 shares of the company’s stock worth $639,000 after buying an additional 1,192 shares in the last quarter. Strategic Blueprint LLC lifted its stake in shares of RTX by 2.8% in the third quarter. Strategic Blueprint LLC now owns 7,345 shares of the company’s stock worth $890,000 after buying an additional 201 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of RTX by 2.0% in the third quarter. SteelPeak Wealth LLC now owns 4,861 shares of the company’s stock worth $589,000 after buying an additional 93 shares in the last quarter. Fiducient Advisors LLC lifted its stake in shares of RTX by 1.0% in the third quarter. Fiducient Advisors LLC now owns 24,304 shares of the company’s stock worth $2,945,000 after buying an additional 243 shares in the last quarter. Finally, Goldstone Financial Group LLC purchased a new position in shares of RTX in the third quarter worth about $275,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. The trade was a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,334 shares of company stock worth $4,639,194. Corporate insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $130.49 on Friday. RTX Co. has a 1-year low of $88.95 and a 1-year high of $132.43. The stock has a market cap of $173.83 billion, a PE ratio of 36.76, a P/E/G ratio of 2.11 and a beta of 0.82. The firm has a 50-day simple moving average of $122.39 and a two-hundred day simple moving average of $121.24. 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 (NYSE:RTX) last announced its quarterly earnings data 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%. As a group, analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 dividend yield of 1.93%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RTX shares. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Bank of America raised their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.40.

RTX Company 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.