RTX Co. (NYSE:RTX) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in RTX Co. (NYSE:RTX) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,006,459 shares of the company’s stock after selling 2,935 shares during the period. Commonwealth Equity Services LLC’s holdings in RTX were worth $116,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $31,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX in the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC grew its holdings 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 valued at $43,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was 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 owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Morgan Stanley raised their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company upped their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, 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. Five equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

RTX Stock Down 0.0 %

RTX opened at $128.09 on Thursday. RTX Co. has a fifty-two week low of $89.82 and a fifty-two week high of $135.36. The company has a market capitalization of $170.63 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.11 and a beta of 0.78. 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 firm’s fifty day moving average price is $124.78 and its two-hundred day moving average price is $122.01.

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, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.97%. RTX’s dividend payout ratio is currently 70.99%.

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.