RTX Co. (NYSE:RTX) Holdings Cut by Hendershot Investments Inc.

Hendershot Investments Inc. reduced its stake in shares of RTX Co. (NYSE:RTX) by 4.8% during the 4th quarter, HoldingsChannel reports. The fund owned 103,705 shares of the company’s stock after selling 5,218 shares during the period. RTX accounts for 1.6% of Hendershot Investments Inc.’s holdings, making the stock its 18th biggest position. Hendershot Investments Inc.’s holdings in RTX were worth $12,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its stake in RTX by 8.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 125,244 shares of the company’s stock valued at $14,493,000 after acquiring an additional 10,007 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of RTX by 13.8% during the 4th quarter. Apollon Wealth Management LLC now owns 63,212 shares of the company’s stock valued at $7,315,000 after purchasing an additional 7,657 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in RTX by 0.4% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 170,243 shares of the company’s stock worth $19,701,000 after purchasing an additional 713 shares in the last quarter. Mezzasalma Advisors LLC increased its position in RTX by 26.6% during the fourth quarter. Mezzasalma Advisors LLC now owns 3,380 shares of the company’s stock worth $391,000 after buying an additional 710 shares during the last quarter. Finally, Vest Financial LLC lifted its position in shares of RTX by 5.8% in the fourth quarter. Vest Financial LLC now owns 11,571 shares of the company’s stock worth $1,339,000 after buying an additional 631 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. UBS Group upped their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Performance

Shares of NYSE RTX opened at $128.07 on Friday. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $119.99 and a 200 day simple moving average of $120.07. The firm has a market capitalization of $170.60 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. RTX’s payout ratio is presently 70.99%.

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.