Capital Advisors Inc. OK Sells 333 Shares of RTX Co. (NYSE:RTX)

Capital Advisors Inc. OK reduced its position in shares of RTX Co. (NYSE:RTX) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 19,277 shares of the company’s stock after selling 333 shares during the period. Capital Advisors Inc. OK’s holdings in RTX were worth $2,231,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter valued at about $29,000. Modus Advisors LLC bought a new position in shares of RTX during the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the fourth quarter valued at about $40,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the third quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.6 %

Shares of RTX stock opened at $129.01 on Wednesday. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The firm has a market cap of $171.86 billion, a PE ratio of 36.34, a PEG ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a 50 day simple moving average of $120.40 and a two-hundred day simple moving average of $120.49.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 net margin of 5.91% and a return on equity of 12.45%. Analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. RTX’s payout ratio is 70.99%.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction 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 directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley raised 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. Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.