RTX Co. (NYSE:RTX) Position Cut by Sharkey Howes & Javer

Sharkey Howes & Javer trimmed its holdings in RTX Co. (NYSE:RTX) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,739 shares of the company’s stock after selling 192 shares during the quarter. Sharkey Howes & Javer’s holdings in RTX were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Wealth Planning LLC bought a new position in RTX during the 4th quarter valued at $216,340,000. Middleton & Co. Inc. MA boosted its stake in RTX by 0.9% during the 4th quarter. Middleton & Co. Inc. MA now owns 12,112 shares of the company’s stock valued at $1,402,000 after purchasing an additional 104 shares in the last quarter. Metis Global Partners LLC boosted its stake in RTX by 5.1% during the 4th quarter. Metis Global Partners LLC now owns 57,512 shares of the company’s stock valued at $6,655,000 after purchasing an additional 2,772 shares in the last quarter. West Michigan Advisors LLC boosted its stake in RTX by 27.9% during the 4th quarter. West Michigan Advisors LLC now owns 2,226 shares of the company’s stock valued at $258,000 after purchasing an additional 486 shares in the last quarter. Finally, Providence First Trust Co bought a new position in RTX during the 4th quarter valued at $1,977,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX opened at $133.02 on Friday. The stock has a fifty day moving average of $122.72 and a 200-day moving average of $121.38. The firm has a market capitalization of $177.19 billion, a P/E ratio of 37.47, a PEG ratio of 2.11 and a beta of 0.82. RTX Co. has a 12-month low of $88.95 and a 12-month high of $133.09. 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 announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. RTX’s dividend payout ratio is 70.99%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered 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 given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $163.40.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction 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. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,334 shares of company stock worth $4,639,194. Corporate insiders own 0.13% of the company’s stock.

RTX Company 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.