Jaffetilchin Investment Partners LLC Sells 1,370 Shares of RTX Co. (NYSE:RTX)

Jaffetilchin Investment Partners LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,164 shares of the company’s stock after selling 1,370 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in RTX were worth $2,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in shares of RTX during the third quarter valued at approximately $321,000. Continuum Advisory LLC boosted its position in RTX by 23.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,698 shares of the company’s stock valued at $202,000 after buying an additional 326 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in shares of RTX by 7.1% in the 3rd quarter. Soltis Investment Advisors LLC now owns 15,170 shares of the company’s stock valued at $1,838,000 after buying an additional 1,002 shares during the period. Tudor Financial Inc. bought a new stake in shares of RTX during the third quarter worth $797,000. Finally, World Investment Advisors LLC lifted its stake in shares of RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company’s stock valued at $4,944,000 after acquiring an additional 11,033 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 over the last three months. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Down 1.1 %

NYSE:RTX opened at $126.97 on Friday. 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 business’s 50-day simple moving average is $128.56 and its 200-day simple moving average is $123.54. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The stock has a market capitalization of $169.52 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last announced its quarterly 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 net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. Citigroup lowered their price objective on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $164.73.

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.