Davidson Investment Advisors Has $43.24 Million Holdings in RTX Co. (NYSE:RTX)

Davidson Investment Advisors cut its stake in RTX Co. (NYSE:RTX - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 373,680 shares of the company's stock after selling 3,300 shares during the period. RTX accounts for approximately 2.1% of Davidson Investment Advisors' portfolio, making the stock its 7th largest position. Davidson Investment Advisors' holdings in RTX were worth $43,242,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RTX. Ramsay Stattman Vela & Price Inc. increased its stake in shares of RTX by 1.6% in the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company's stock worth $1,195,000 after acquiring an additional 160 shares in the last quarter. Creative Capital Management Investments LLC grew its stake in shares of RTX by 49.4% in the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company's stock worth $730,000 after buying an additional 2,086 shares during the last quarter. Venturi Wealth Management LLC increased its position in RTX by 59.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company's stock valued at $409,000 after buying an additional 1,312 shares in the last quarter. Empower Advisory Group LLC raised its stake in RTX by 7.3% during the fourth quarter. Empower Advisory Group LLC now owns 6,406 shares of the company's stock valued at $741,000 after buying an additional 438 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in RTX by 1.6% in the fourth quarter. CIBC Asset Management Inc now owns 250,975 shares of the company's stock worth $29,043,000 after acquiring an additional 3,989 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Bank of America raised their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. UBS Group upped their target price on shares of RTX from $128.00 to $142.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley boosted 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. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average target price of $163.07.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were 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 approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

RTX Stock Performance

RTX stock traded down $1.88 during midday trading on Friday, reaching $123.23. 4,845,158 shares of the company's stock traded hands, compared to its average volume of 4,781,505. The stock's 50-day moving average is $121.49 and its 200 day moving average is $120.89. The stock has a market cap of $164.16 billion, a P/E ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. 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 (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 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, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. RTX's payout ratio is 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.