Weaver Capital Management LLC Sells 188 Shares of RTX Co. (NYSE:RTX)

Weaver Capital Management LLC lowered its position in shares of RTX Co. (NYSE:RTX) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,341 shares of the company’s stock after selling 188 shares during the quarter. Weaver Capital Management LLC’s holdings in RTX were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at $41,000. ORG Wealth Partners LLC bought a new stake in shares of RTX during the 3rd quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RTX shares. 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 research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Trading Down 1.2 %

RTX opened at $128.42 on Wednesday. The company’s 50 day moving average price is $119.52 and its two-hundred day moving average price is $119.77. The firm has a market capitalization of $170.93 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, research analysts predict that RTX Co. will post 6.12 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. 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.