Uncommon Cents Investing LLC Acquires 485 Shares of RTX Co. (NYSE:RTX)

Uncommon Cents Investing LLC boosted its holdings in RTX Co. (NYSE:RTX) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,044 shares of the company’s stock after buying an additional 485 shares during the period. RTX makes up about 1.6% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 12th largest position. Uncommon Cents Investing LLC’s holdings in RTX were worth $4,800,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Diligent Investors LLC increased its holdings in RTX by 1.4% in the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after purchasing an additional 118 shares during the last quarter. Waverly Advisors LLC increased its holdings in RTX by 2.2% in the first quarter. Waverly Advisors LLC now owns 5,686 shares of the company’s stock valued at $557,000 after purchasing an additional 122 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after acquiring an additional 127 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after acquiring an additional 128 shares in the last quarter. Finally, Dempze Nancy E increased its holdings in shares of RTX by 0.5% in the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after acquiring an additional 130 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird restated a “neutral” rating and issued a $94.00 price target (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. UBS Group increased their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Barclays increased their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $95.12.

RTX Stock Performance

Shares of NYSE RTX opened at $97.56 on Friday. The stock has a 50 day moving average price of $91.41 and a 200 day moving average price of $83.52. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The stock has a market capitalization of $129.72 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.42%. RTX’s dividend payout ratio is 105.36%.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by company 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.