RTX Co. (NYSE:RTX) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in RTX Co. (NYSE:RTX - Free Report) by 84.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,308 shares of the company's stock after selling 28,634 shares during the quarter. Edgestream Partners L.P.'s holdings in RTX were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX in the 4th quarter worth $40,000. Iron Horse Wealth Management LLC increased its holdings in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after buying an additional 279 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $52,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of NYSE:RTX traded up $1.18 during midday trading on Thursday, reaching $129.14. The company's stock had a trading volume of 3,432,720 shares, compared to its average volume of 5,559,512. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $124.78 and a 200 day moving average of $122.01. RTX Co. has a twelve month low of $91.05 and a twelve month high of $135.36. The firm has a market capitalization of $172.03 billion, a PE ratio of 36.38, a P/E/G ratio of 2.11 and a beta of 0.78.

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RTX (NYSE:RTX - Get Free Report) last posted 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%. On average, equities analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.95%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RTX shares. Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and lifted their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.40.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.