Unique Wealth Strategies LLC Invests $698,000 in RTX Co. (NYSE:RTX)

Unique Wealth Strategies LLC bought a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,299 shares of the company’s stock, valued at approximately $698,000.

Other large investors also recently made changes to their positions in the company. Consolidated Planning Corp bought a new position in RTX during the 4th quarter worth $227,000. Alliance Wealth Advisors LLC UT increased its stake in RTX by 9.7% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,221 shares of the company’s stock worth $1,281,000 after acquiring an additional 1,350 shares during the period. Addison Advisors LLC increased its stake in RTX by 31.0% during the 4th quarter. Addison Advisors LLC now owns 5,117 shares of the company’s stock worth $431,000 after acquiring an additional 1,210 shares during the period. Mountain Pacific Investment Advisers Inc. ID increased its stake in RTX by 11.5% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 10,738 shares of the company’s stock worth $903,000 after acquiring an additional 1,106 shares during the period. Finally, Kovack Advisors Inc. increased its stake in RTX by 40.7% during the 4th quarter. Kovack Advisors Inc. now owns 39,688 shares of the company’s stock worth $3,339,000 after acquiring an additional 11,483 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

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

RTX Price Performance

Shares of NYSE RTX traded down $0.30 during mid-day trading on Friday, hitting $101.41. 4,428,318 shares of the stock traded hands, compared to its average volume of 8,154,806. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a market cap of $134.83 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The firm has a 50 day simple moving average of $95.57 and a two-hundred day simple moving average of $87.51.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. As a group, equities research analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is presently 92.55%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Bank of America raised their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada raised their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Hold” and a consensus target price of $96.27.

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.