DeDora Capital Inc. Raises Holdings in RTX Co. (NYSE:RTX)

DeDora Capital Inc. boosted its stake in shares of RTX Co. (NYSE:RTX) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,018 shares of the company’s stock after acquiring an additional 1,040 shares during the quarter. DeDora Capital Inc.’s holdings in RTX were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Diligent Investors LLC raised its holdings in shares of RTX by 1.4% in the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares in the last quarter. Waverly Advisors LLC raised its position in shares of RTX by 2.2% during the first quarter. Waverly Advisors LLC now owns 5,686 shares of the company’s stock worth $557,000 after purchasing an additional 122 shares during the period. Valley National Advisers Inc. boosted its position in shares of RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares during the period. Ironwood Wealth Management LLC. increased its stake in RTX by 1.2% in the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after purchasing an additional 128 shares in the last quarter. Finally, Dempze Nancy E lifted its stake in RTX by 0.5% during the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after buying an additional 130 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction 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 sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were 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 owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 in the last three months. 0.13% of the stock is owned by corporate insiders.

RTX Stock Performance

RTX stock traded up $0.11 during trading on Thursday, reaching $97.56. 10,700,468 shares of the stock were exchanged, compared to its average volume of 8,121,944. RTX Co. has a twelve month low of $68.56 and a twelve month high of $104.91. The company has a market capitalization of $129.72 billion, a P/E ratio of 43.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The stock has a 50 day simple moving average of $91.41 and a 200-day simple moving average of $83.52. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is currently 105.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their price target on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. UBS Group increased their price target on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $120.00 in a report on Thursday, March 14th. Finally, TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. 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 company. Based on data from MarketBeat, RTX currently has an average rating of “Hold” and an average price target of $95.12.

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.