RTX Co. (NYSE:RTX) Shares Sold by Little House Capital LLC

Little House Capital LLC lessened its holdings in RTX Co. (NYSE:RTX) by 6.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,842 shares of the company’s stock after selling 2,395 shares during the period. RTX accounts for about 1.1% of Little House Capital LLC’s portfolio, making the stock its 26th biggest position. Little House Capital LLC’s holdings in RTX were worth $3,916,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new position in RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of RTX by 296.8% in the 4th 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 during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’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 sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RTX shares. Morgan Stanley raised their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Barclays upped their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

NYSE:RTX opened at $122.68 on Friday. The company has a market cap of $163.42 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company’s 50-day moving average price is $120.79 and its 200-day moving average price is $120.65.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. On average, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 2.05%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.