RTX Co. (NYSE:RTX) Shares Sold by Tradewinds LLC.

Tradewinds LLC. lessened its stake in shares of RTX Co. (NYSE:RTX) by 9.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,403 shares of the company’s stock after selling 543 shares during the quarter. Tradewinds LLC.’s holdings in RTX were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RTX. Norges Bank acquired a new position in shares of RTX during the fourth quarter worth about $1,745,644,000. Amundi increased its position in RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after purchasing an additional 2,854,928 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after buying an additional 2,094,834 shares in the last quarter. Capital Wealth Planning LLC acquired a new stake in shares of RTX in the 4th quarter valued at approximately $216,340,000. Finally, Vanguard Group Inc. grew its holdings in RTX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock worth $13,710,408,000 after acquiring an additional 1,252,448 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of NYSE RTX opened at $132.56 on Tuesday. The company has a 50-day simple moving average of $128.82 and a 200-day simple moving average of $123.15. 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 market cap of $176.97 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 12 month low of $97.03 and a 12 month high of $136.17.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on RTX. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.40.

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.