AlphaQuest LLC Sells 5,653 Shares of RTX Co. (NYSE:RTX)

AlphaQuest LLC decreased its position in RTX Co. (NYSE:RTX - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,807 shares of the company's stock after selling 5,653 shares during the quarter. AlphaQuest LLC's holdings in RTX were worth $1,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Consolidated Planning Corp grew its position in RTX by 17.8% during the third quarter. Consolidated Planning Corp now owns 3,027 shares of the company's stock valued at $367,000 after buying an additional 458 shares during the period. Capital Performance Advisors LLP bought a new position in RTX during the third quarter valued at about $88,000. Equitable Trust Co. grew its position in RTX by 3.9% during the third quarter. Equitable Trust Co. now owns 23,457 shares of the company's stock valued at $2,842,000 after buying an additional 879 shares during the period. CWA Asset Management Group LLC bought a new position in RTX during the third quarter valued at about $4,255,000. Finally, Windward Capital Management Co. CA grew its position in RTX by 1.4% during the third quarter. Windward Capital Management Co. CA now owns 147,472 shares of the company's stock valued at $17,868,000 after buying an additional 2,076 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX traded up $0.35 on Friday, reaching $128.63. The company had a trading volume of 6,417,602 shares, compared to its average volume of 5,617,576. The business has a 50 day simple moving average of $124.02 and a 200 day simple moving average of $121.83. The company has a market cap of $171.35 billion, a price-to-earnings ratio of 36.23, 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 quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36.

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RTX (NYSE:RTX - Get Free Report) last announced 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 net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared 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. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were 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 approximately $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on 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 directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Susquehanna increased 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. Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.