Liberty Square Wealth Partners LLC Takes $272,000 Position in RTX Co. (NYSE:RTX)

Liberty Square Wealth Partners LLC bought a new stake in RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,223 shares of the company's stock, valued at approximately $272,000.

A number of other hedge funds have also made changes to their positions in RTX. 10Elms LLP purchased a new stake in RTX during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in RTX during the 4th quarter worth $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares in the last quarter. Greenline Partners LLC acquired a new position in RTX during the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,643 shares of company stock worth $6,198,889 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX traded down $1.33 during trading on Wednesday, reaching $132.86. The company had a trading volume of 5,422,720 shares, compared to its average volume of 5,396,942. The firm's fifty day moving average is $129.08 and its 200 day moving average is $124.95. The firm has a market capitalization of $177.49 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a twelve month low of $99.07 and a twelve month high of $138.82. 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 (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. On average, equities analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently announced 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. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, May 23rd. RTX's payout ratio is presently 79.77%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RTX. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. UBS Group raised their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Benchmark raised shares of 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. Royal Bank of Canada decreased their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, RTX presently has a consensus rating of "Buy" and an average price target of $159.82.

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.