Chancellor Financial Group WB LP Makes New $286,000 Investment in RTX Co. (NYSE:RTX)

Chancellor Financial Group WB LP bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,473 shares of the company's stock, valued at approximately $286,000.

A number of other large investors have also recently made changes to their positions in the company. 111 Capital purchased a new stake in shares of RTX during the fourth quarter worth approximately $1,416,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of RTX by 49.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 985,262 shares of the company's stock worth $114,014,000 after buying an additional 325,667 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in RTX by 2.1% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 217,531 shares of the company's stock valued at $25,173,000 after purchasing an additional 4,571 shares in the last quarter. Members Wealth LLC acquired a new position in RTX in the fourth quarter valued at approximately $205,000. Finally, Northstar Financial Companies Inc. acquired a new position in RTX in the fourth quarter valued at approximately $1,057,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Wall Street Zen raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Wednesday, May 14th. Cowen reaffirmed a "buy" rating on shares of RTX in a report on Friday, May 23rd. Finally, Wells Fargo & Company upped their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of "Buy" and a consensus target price of $159.82.

RTX Price Performance

NYSE:RTX traded up $1.63 during trading hours on Friday, hitting $136.43. The company's stock had a trading volume of 8,195,041 shares, compared to its average volume of 5,407,527. The business's 50-day moving average is $129.08 and its two-hundred day moving average is $125.03. The company has a market capitalization of $182.26 billion, a PE ratio of 38.43, a PEG ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52-week low of $99.07 and a 52-week high of $139.92.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

RTX Company 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.