Sterling Financial Planning Inc. Makes New Investment in RTX Co. (NYSE:RTX)

Sterling Financial Planning Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 5,157 shares of the company’s stock, valued at approximately $434,000.

Other large investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new position in shares of RTX during the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in RTX in the 3rd quarter worth approximately $28,000. Quarry LP purchased a new position in RTX in the 1st quarter worth approximately $28,000. Planned Solutions Inc. purchased a new position in RTX in the 4th quarter worth approximately $30,000. Finally, Financial Gravity Asset Management Inc. lifted its holdings in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 0.1 %

RTX stock traded down $0.06 during mid-day trading on Thursday, hitting $100.69. The company’s stock had a trading volume of 4,238,171 shares, compared to its average volume of 8,241,821. The company has a 50 day moving average of $94.13 and a 200-day moving average of $86.13. The stock has a market cap of $133.88 billion, a PE ratio of 45.08, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a one year low of $68.56 and a one year high of $104.91.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter in the prior year, the company posted $1.27 EPS. RTX’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts anticipate that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 105.36%.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on RTX. Royal Bank of Canada boosted their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. UBS Group boosted their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Barclays upped their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. TD Cowen upped their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.44.

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.