TFC Financial Management Inc. Has $225,000 Holdings in RTX Co. (NYSE:RTX)

TFC Financial Management Inc. increased its position in shares of RTX Co. (NYSE:RTX) by 59.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,944 shares of the company’s stock after buying an additional 726 shares during the period. TFC Financial Management Inc.’s holdings in RTX were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stanley Laman Group Ltd. increased its position in shares of RTX by 4.0% during the fourth quarter. Stanley Laman Group Ltd. now owns 71,026 shares of the company’s stock valued at $8,219,000 after purchasing an additional 2,733 shares during the period. Castle Wealth Management LLC grew its position in RTX by 5.0% in the fourth quarter. Castle Wealth Management LLC now owns 2,341 shares of the company’s stock valued at $271,000 after acquiring an additional 111 shares during the period. Van ECK Associates Corp grew its position in RTX by 30.0% in the fourth quarter. Van ECK Associates Corp now owns 2,310,221 shares of the company’s stock valued at $267,339,000 after acquiring an additional 532,970 shares during the period. Allspring Global Investments Holdings LLC grew its position in RTX by 6.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company’s stock valued at $65,278,000 after acquiring an additional 32,024 shares during the period. Finally, Jmac Enterprises LLC grew its position in RTX by 6.2% in the fourth quarter. Jmac Enterprises LLC now owns 5,146 shares of the company’s stock valued at $595,000 after acquiring an additional 301 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 1.8 %

NYSE RTX opened at $126.82 on Thursday. The firm has a market cap of $168.94 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s 50-day moving average is $120.55 and its 200-day moving average is $120.53. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current fiscal year.

RTX Announces Dividend

The company 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 dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.99%. RTX’s payout ratio is presently 70.99%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

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.