Heck Capital Advisors LLC Buys Shares of 19,511 RTX Co. (NYSE:RTX)

Heck Capital Advisors LLC acquired a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,511 shares of the company's stock, valued at approximately $2,258,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 10Elms LLP purchased a new stake in shares of RTX in the 4th quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $31,000. Picton Mahoney Asset Management lifted its holdings in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the last quarter. Greenline Partners LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $39,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RTX shares. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a report on Wednesday, April 23rd. Bank of America boosted their target price on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research note on Friday, April 25th. Susquehanna reduced their price objective on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $159.82.

RTX Stock Performance

NYSE RTX traded up $1.99 on Thursday, hitting $134.84. 3,634,593 shares of the company's stock were exchanged, compared to its average volume of 5,389,921. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm's 50-day moving average price is $129.08 and its two-hundred day moving average price is $124.95. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $138.82. The firm has a market cap of $180.14 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last released its earnings results 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 company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. On average, research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio is currently 79.77%.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on 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 owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.15% 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.