RTX Co. (NYSE:RTX) Stock Position Lowered by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC cut its position in shares of RTX Co. (NYSE:RTX) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,229 shares of the company’s stock after selling 922 shares during the period. Stonehearth Capital Management LLC’s holdings in RTX were worth $952,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Iowa State Bank lifted its position in shares of RTX by 0.3% in the fourth quarter. Iowa State Bank now owns 35,413 shares of the company’s stock worth $4,098,000 after buying an additional 109 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of RTX by 12.0% in the 4th quarter. CWA Asset Management Group LLC now owns 39,313 shares of the company’s stock valued at $4,549,000 after acquiring an additional 4,198 shares in the last quarter. First Citizens Financial Corp boosted its position in RTX by 4.9% during the fourth quarter. First Citizens Financial Corp now owns 3,777 shares of the company’s stock worth $437,000 after purchasing an additional 175 shares during the period. Modus Advisors LLC acquired a new position in RTX during the fourth quarter valued at approximately $39,000. Finally, GAMMA Investing LLC raised its position in shares of RTX by 5.8% in the fourth quarter. GAMMA Investing LLC now owns 27,869 shares of the company’s stock valued at $3,225,000 after purchasing an additional 1,528 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX traded up $0.77 during midday trading on Tuesday, reaching $114.87. 1,029,926 shares of the company’s stock were exchanged, compared to its average volume of 2,708,689. The firm has a market capitalization of $152.89 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The company’s 50 day simple moving average is $118.64 and its two-hundred day simple moving average is $116.65. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.19%. RTX’s payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RTX. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna increased their target price on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $178.67.

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.