Private Portfolio Partners LLC Has $896,000 Stock Position in RTX Co. (NYSE:RTX)

Private Portfolio Partners LLC cut its position in RTX Co. (NYSE:RTX) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,745 shares of the company’s stock after selling 159 shares during the period. Private Portfolio Partners LLC’s holdings in RTX were worth $896,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RTX. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $1,102,000. Meeder Advisory Services Inc. lifted its holdings in RTX by 5.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 24,889 shares of the company’s stock valued at $2,880,000 after purchasing an additional 1,191 shares during the last quarter. Potomac Fund Management Inc. ADV bought a new position in RTX during the fourth quarter worth $497,000. Groupama Asset Managment grew its stake in RTX by 17.6% in the 4th quarter. Groupama Asset Managment now owns 697,407 shares of the company’s stock valued at $80,357,000 after buying an additional 104,513 shares during the last quarter. Finally, Trexquant Investment LP grew its position in shares of RTX by 43.5% in the fourth quarter. Trexquant Investment LP now owns 47,774 shares of the company’s stock valued at $5,528,000 after purchasing an additional 14,472 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Susquehanna lifted their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.40.

RTX Price Performance

Shares of NYSE:RTX opened at $132.85 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $177.36 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock’s fifty day simple moving average is $128.96 and its two-hundred day simple moving average is $123.24. RTX Co. has a 1-year low of $97.03 and a 1-year high of $136.17.

RTX (NYSE:RTX) last posted its earnings results 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, analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. Company insiders own 0.15% 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.