DRW Securities LLC Has $906,000 Stock Holdings in RTX Co. (NYSE:RTX)

DRW Securities LLC cut its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,831 shares of the company's stock after selling 3,261 shares during the period. DRW Securities LLC's holdings in RTX were worth $906,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management increased its stake in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at about $39,000. Millstone Evans Group LLC acquired a new position in RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the 4th quarter valued at about $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 0.2 %

Shares of NYSE:RTX traded up $0.28 during trading on Monday, reaching $128.54. 1,116,730 shares of the stock were exchanged, compared to its average volume of 5,487,777. The firm's 50-day moving average price is $128.56 and its 200 day moving average price is $123.62. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market cap of $171.61 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

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RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Transactions at RTX

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 transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company 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.