Delta Asset Management LLC TN Decreases Holdings in RTX Co. (NYSE:RTX)

Delta Asset Management LLC TN cut its position in RTX Co. (NYSE:RTX - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,990 shares of the company's stock after selling 2,851 shares during the quarter. RTX comprises 1.3% of Delta Asset Management LLC TN's investment portfolio, making the stock its 22nd biggest position. Delta Asset Management LLC TN's holdings in RTX were worth $14,348,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in RTX by 2.6% during the fourth quarter. Howe & Rusling Inc. now owns 25,835 shares of the company's stock valued at $2,990,000 after buying an additional 643 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in RTX in the fourth quarter valued at $286,000. NEOS Investment Management LLC raised its position in RTX by 8.3% during the fourth quarter. NEOS Investment Management LLC now owns 72,269 shares of the company's stock valued at $8,363,000 after purchasing an additional 5,536 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in RTX by 2.9% during the fourth quarter. UniSuper Management Pty Ltd now owns 692,900 shares of the company's stock worth $80,182,000 after purchasing an additional 19,321 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co purchased a new position in shares of RTX in the 4th quarter worth about $14,048,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup raised RTX from a "neutral" rating to a "buy" rating and upped their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America upped 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. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $136.00 to $160.00 in a 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 issued a strong buy rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average target price of $166.40.

RTX Trading Down 1.3 %

Shares of RTX traded down $1.75 during trading hours on Friday, reaching $131.68. 3,934,907 shares of the company traded hands, compared to its average volume of 5,648,342. RTX Co. has a 12 month low of $97.03 and a 12 month high of $136.17. The company has a market capitalization of $175.81 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company's fifty day moving average price is $128.59 and its two-hundred day moving average price is $123.03. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 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%. Equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 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.