Goldstream Capital Management Ltd Has $366,000 Stock Position in RTX Co. (NYSE:RTX)

Goldstream Capital Management Ltd lowered its position in RTX Co. (NYSE:RTX - Free Report) by 60.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,162 shares of the company's stock after selling 4,830 shares during the period. RTX comprises approximately 0.1% of Goldstream Capital Management Ltd's holdings, making the stock its 28th largest position. Goldstream Capital Management Ltd's holdings in RTX were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. CX Institutional increased its stake in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after purchasing an additional 11,706 shares in the last quarter. National Pension Service raised its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. Czech National Bank boosted its stake in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Archer Investment Corp raised its position in shares of RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after buying an additional 4,151 shares during the last quarter. Finally, Optas LLC grew its stake in RTX by 114.5% in the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after acquiring an additional 3,770 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup cut their target price on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a research report on Wednesday. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $163.53.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the 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 sale, the insider now directly owns 5,272 shares in the company, valued at $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. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last ninety days. Insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX stock traded up $6.75 during midday trading on Wednesday, hitting $120.50. The stock had a trading volume of 10,455,293 shares, compared to its average volume of 5,513,516. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. 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 stock has a 50-day simple moving average of $128.29 and a 200 day simple moving average of $123.75. The firm has a market capitalization of $160.88 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX's dividend payout ratio is currently 70.99%.

RTX 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.