Roman Butler Fullerton & Co. Grows Position in RTX Co. (NYSE:RTX)

Roman Butler Fullerton & Co. boosted its stake in RTX Co. (NYSE:RTX) by 9.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,684 shares of the company’s stock after buying an additional 809 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in RTX were worth $1,211,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC purchased a new stake in shares of RTX during the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the 4th quarter valued at $40,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC increased its position 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 valued at $43,000 after purchasing an additional 279 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RTX shares. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group increased their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Down 2.5 %

Shares of NYSE RTX opened at $122.68 on Friday. The business has a 50-day simple moving average of $120.79 and a two-hundred day simple moving average of $120.63. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a market cap of $163.42 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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

RTX Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. RTX’s payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

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.