Total Wealth Planning & Management Inc. Buys Shares of 3,175 RTX Co. (NYSE:RTX)

Total Wealth Planning & Management Inc. purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,175 shares of the company's stock, valued at approximately $367,000.

Several other hedge funds have also added to or reduced their stakes in RTX. 10Elms LLP purchased a new stake in RTX during the 4th quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% in the fourth 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 during the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX in the fourth quarter worth approximately $39,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RTX shares. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Wells Fargo & Company upped their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Finally, UBS Group lifted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of "Buy" and an average price target of $159.82.

RTX Stock Down 1.0%

NYSE RTX traded down $1.33 during trading hours on Wednesday, reaching $132.86. 5,422,720 shares of the company's stock traded hands, compared to its average volume of 5,396,943. 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 has a 50-day simple moving average of $129.08 and a 200 day simple moving average of $124.95. RTX Co. has a 52-week low of $99.07 and a 52-week high of $138.82. The firm has a market cap of $177.49 billion, a PE ratio of 37.43, a PEG 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 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 business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of RTX 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the 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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,643 shares of company stock worth $6,198,889. 0.15% of the stock is owned by corporate insiders.

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.