Hillsdale Investment Management Inc. Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Hillsdale Investment Management Inc. lessened its position in RTX Co. (NYSE:RTX - Free Report) by 44.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,870 shares of the company's stock after selling 3,150 shares during the period. Hillsdale Investment Management Inc.'s holdings in RTX were worth $448,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management increased its position in shares of RTX by 2,944.4% during 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. Modus Advisors LLC bought a new position in RTX in the 4th quarter valued at $39,000. Millstone Evans Group LLC purchased a new stake in shares of RTX during the 4th quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX in the 4th quarter worth about $40,000. Institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were 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 approximately $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. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.15% of the stock is owned by insiders.

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RTX Price Performance

RTX stock traded up $1.15 during midday trading on Tuesday, reaching $135.84. 3,989,259 shares of the stock were exchanged, compared to its average volume of 5,370,782. The firm has a market cap of $181.36 billion, a PE ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 52 week low of $95.58 and a 52 week high of $135.74. The company's fifty day moving average is $127.81 and its 200-day moving average is $122.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.86%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Vertical Research upgraded RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and upped their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Baird R W raised RTX from a "hold" rating to a "strong-buy" rating 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

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.