Sulzberger Capital Advisors Inc. Acquires Shares of 3,200 RTX Co. (NYSE:RTX)

Sulzberger Capital Advisors Inc. bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,200 shares of the company's stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. Fairway Wealth LLC acquired a new position in shares of RTX in the 4th quarter valued at approximately $31,000. Picton Mahoney Asset Management increased its stake 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 acquiring an additional 265 shares during the last quarter. Modus Advisors LLC acquired a new position in RTX during the fourth quarter valued at approximately $39,000. Millstone Evans Group LLC bought a new stake in RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX in the 4th quarter valued at $40,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company's stock.

RTX Trading Up 2.3 %

Shares of RTX stock traded up $2.89 on Friday, hitting $130.30. The company had a trading volume of 5,002,098 shares, compared to its average volume of 5,448,821. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market cap of $174.07 billion, a P/E ratio of 36.70, a P/E/G ratio of 2.11 and a beta of 0.60. The stock's 50-day moving average is $128.48 and its two-hundred day moving average is $123.82.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating 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 business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. 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 yield of 2.09%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is presently 79.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, RTX presently has a consensus rating of "Buy" and a consensus price target of $161.06.

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.