Peloton Wealth Strategists Has $5.31 Million Stock Position in RTX Co. (NYSE:RTX)

Peloton Wealth Strategists lowered its stake in RTX Co. (NYSE:RTX) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,922 shares of the company’s stock after selling 1,003 shares during the period. RTX makes up approximately 2.1% of Peloton Wealth Strategists’ holdings, making the stock its 14th biggest position. Peloton Wealth Strategists’ holdings in RTX were worth $5,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the 4th quarter worth about $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.5 %

NYSE RTX opened at $130.49 on Friday. The firm has a market cap of $173.83 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a one year low of $88.95 and a one year high of $132.43. The stock’s 50 day simple moving average is $122.39 and its 200 day simple moving average is $121.24. 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 (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%. As a group, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now directly owns 29,742 shares in the company, valued at approximately $3,771,880.44. This trade represents a 39.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,334 shares of company stock valued at $4,639,194 in the last 90 days. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Bank of America boosted their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.40.

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.