Haverford Financial Services Inc. Has $13.25 Million Stake in RTX Co. (NYSE:RTX)

Haverford Financial Services Inc. trimmed its position in RTX Co. (NYSE:RTX - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 114,501 shares of the company's stock after selling 17,401 shares during the period. RTX comprises 4.0% of Haverford Financial Services Inc.'s investment portfolio, making the stock its 9th biggest position. Haverford Financial Services Inc.'s holdings in RTX were worth $13,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Fairway Wealth LLC bought a new position in RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management boosted its stake in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $39,000. Modus Advisors LLC purchased a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded up $1.15 during midday trading on Tuesday, hitting $135.84. 3,987,290 shares of the company's stock were exchanged, compared to its average volume of 5,370,216. 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 business's fifty day moving average price is $127.48 and its two-hundred day moving average price is $122.66. The company has a market cap of $181.36 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 12-month low of $95.27 and a 12-month high of $135.74.

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RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. As a group, research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.86%. RTX's dividend payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research report on Monday. 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 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. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $166.40.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 81,508 shares in the company, 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 worth $10,309,302 in the last quarter. 0.15% of the stock is owned by 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.