Modera Wealth Management LLC Expands Stake in RTX Co.

Modera Wealth Management LLC has reported a 5.1% increase in its holdings of RTX Co. (NYSE:RTX) during the fourth quarter, according to its latest disclosure to the SEC. After acquiring an additional 2,487 shares, the firm now possesses a total of 51,177 shares, valued at approximately $5,922,000 at the end of the quarter.

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Additionally, other institutional investors have also been adjusting their positions in RTX. For instance, Fusion Capital LLC increased its stake by 0.5% in the last quarter, now owning 15,156 shares valued at $1,754,000 after purchasing 80 more shares. Similarly, New England Professional Planning Group Inc. raised its position by 3.8%, capturing 2,187 shares worth $253,000 after acquiring an extra 81 shares. Pointe Capital Management LLC and Avestar Capital LLC also reported slight increases to their holdings, demonstrating a general trend of growing investment interest in RTX. Together, institutional investors own about 86.50% of the company's stock.

Recent Analyst Ratings

Several research analysts have recently updated their ratings for RTX. Bank of America is one of the firms that raised its price target from $145.00 to $155.00, also assigning a "buy" rating. Royal Bank of Canada followed suit, increasing its target price from $140.00 to $150.00, while also categorizing the stock as an "outperform." Conversely, StockNews.com downgraded its rating from "buy" to "hold." Meanwhile, Deutsche Bank Aktiengesellschaft elevated its rating from "hold" to "buy" and adjusted its price target from $131.00 to $140.00. Overall, there is a mix of ratings with five analysts recommending a hold, ten suggesting a buy, and two advocating for a strong buy, creating a consensus rating of "Moderate Buy" with an average target price of $163.40.

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View Our Latest Research Report on RTX

RTX Stock Performance

As of Monday, shares of NYSE:RTX were trading at $133.02. The company has shown fluctuations with a fifty-day simple moving average of $122.72 and a 200-day average of $121.41. The stock reached a 52-week low of $88.95 and a high of $133.09, with a market capitalization of $177.19 billion. Its P/E ratio stands at 37.47, with a P/E/G ratio of 2.11 and a beta of 0.82.

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RTX reported its most recent quarterly earnings on January 28, posting an EPS of $1.54, which surpassed the consensus estimate of $1.35 by $0.19. The company also highlighted a return on equity of 12.45% alongside a 5.91% net margin. Analysts predict that for the current fiscal year, RTX is expected to post an EPS of 6.11.

Dividend Announcement

RTX has declared a quarterly dividend of $0.63 per share, which is set to be paid on March 20. Shareholders recorded as of February 21 will receive the dividend. This results in an annualized dividend of $2.52, leading to a yield of 1.89%. The ex-dividend date is also set for February 21, with a payout ratio currently sitting at 70.99%.

Insider Transactions

In recent insider activity, EVP Dantaya M. Williams sold 14,031 shares at an average price of $129.23, totaling approximately $1,813,226. Following this sale, Williams holds 44,415 shares valued at around $5,739,750. Similarly, EVP Ramsaran Maharajh sold 19,431 shares at an average price of $126.82, for a value of approximately $2,464,239. After this transaction, Maharajh's remaining shares number 29,742, valued at $3,771,880. In total, insiders have sold $4,639,194 worth of RTX stock in the last quarter, with only 0.13% of shares owned by insiders.

Company Overview

RTX Corporation is a leading aerospace and defense company that delivers systems and services to commercial, military, and government clients globally. The company operates in three segments: Collins Aerospace, Pratt & Whitney, and Raytheon, providing a wide range of products and aftermarket services for various aerospace needs.

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This news article aims to provide readers with timely and accurate information regarding RTX Co. and its stock performance, serving to keep investors informed.

Investment Consideration

Before making investment decisions regarding RTX, prospective investors should consider the insights and recommendations provided by top analysts. Currently, RTX is rated as a "Moderate Buy" by analysts, but individuals may want to explore other investment opportunities that may better align with their financial goals.

Modera, Finance, Investments