First National Advisers LLC Sells 570 Shares of RTX Co. (NYSE:RTX)

First National Advisers LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,793 shares of the company’s stock after selling 570 shares during the quarter. RTX accounts for about 1.0% of First National Advisers LLC’s portfolio, making the stock its 20th largest position. First National Advisers LLC’s holdings in RTX were worth $5,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. KBC Group NV grew its holdings in RTX by 5.4% during the 3rd quarter. KBC Group NV now owns 105,297 shares of the company’s stock worth $12,758,000 after acquiring an additional 5,374 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of RTX by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 246,986 shares of the company’s stock worth $29,925,000 after purchasing an additional 15,756 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in shares of RTX by 4.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,388 shares of the company’s stock worth $895,000 after purchasing an additional 321 shares during the period. Natixis Advisors LLC lifted its position in shares of RTX by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 1,238,447 shares of the company’s stock valued at $150,050,000 after acquiring an additional 23,311 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in shares of RTX during the 3rd quarter valued at $250,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, 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. Insiders have sold 79,831 shares of company stock worth $10,309,302 over the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RTX shares. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Susquehanna increased their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Up 0.6 %

Shares of RTX opened at $130.00 on Friday. The company has a market cap of $173.56 billion, a PE ratio of 36.62, a P/E/G ratio of 2.11 and a beta of 0.78. The business has a fifty day moving average of $125.33 and a 200 day moving average of $122.16. RTX Co. has a 52-week low of $92.35 and a 52-week high of $135.36. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, 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. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.94%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

RTX 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.