RTX Co. (NYSE:RTX) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC cut its holdings in RTX Co. (NYSE:RTX - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,693 shares of the company's stock after selling 39,913 shares during the quarter. Exencial Wealth Advisors LLC's holdings in RTX were worth $9,685,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter worth about $41,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX during the fourth quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC lifted its stake 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 valued at $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Stock Up 0.8 %

Shares of RTX traded up $1.06 during midday trading on Wednesday, reaching $129.76. 3,566,232 shares of the stock were exchanged, compared to its average volume of 5,619,016. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company's 50 day moving average is $123.30 and its two-hundred day moving average is $121.59. The company has a market capitalization of $172.85 billion, a P/E ratio of 36.55, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 52 week low of $89.44 and a 52 week high of $135.36.

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 net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. RTX's dividend payout ratio is currently 70.99%.

Analysts Set New Price Targets

Several research firms have commented on RTX. Wells Fargo & Company lifted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Bank of America increased their price objective 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. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and boosted their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $163.40.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred 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 $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last 90 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.

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.