RTX Co. (NYSE:RTX) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC reduced its position in shares of RTX Co. (NYSE:RTX - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,747 shares of the company's stock after selling 3,350 shares during the quarter. Kestra Investment Management LLC's holdings in RTX were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CX Institutional increased its position in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after buying an additional 11,706 shares in the last quarter. LRI Investments LLC increased its position in shares of RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management purchased a new position in RTX during the third quarter valued at $1,307,000. Czech National Bank lifted its holdings in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after purchasing an additional 4,151 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. StockNews.com lowered RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.07.

RTX Trading Down 1.5 %

Shares of RTX stock traded down $1.88 during trading on Friday, hitting $123.23. 4,845,158 shares of the stock traded hands, compared to its average volume of 4,781,505. The firm has a market capitalization of $164.16 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The firm's fifty day moving average price is $121.38 and its 200-day moving average price is $120.83.

RTX (NYSE:RTX - Get Free Report) last released its quarterly 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%. As a group, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio (DPR) is 70.99%.

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.