Mitchell Sinkler & Starr PA trimmed its position in RTX Co. (NYSE:RTX - Free Report) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,109 shares of the company's stock after selling 4,508 shares during the quarter. Mitchell Sinkler & Starr PA's holdings in RTX were worth $1,980,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. grew its holdings in shares of RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares in the last quarter. Fusion Capital LLC raised its position in shares of RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after buying an additional 80 shares in the last quarter. McDonough Capital Management Inc lifted its holdings in shares of RTX by 1.6% in the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock valued at $603,000 after acquiring an additional 80 shares during the last quarter. New England Professional Planning Group Inc. grew its position in RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after acquiring an additional 81 shares in the last quarter. Finally, Pointe Capital Management LLC raised its position in RTX by 0.5% during the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on RTX shares. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Finally, Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.40.
View Our Latest Report on RTX
RTX Stock Performance
Shares of RTX traded up $0.17 during trading hours on Tuesday, reaching $132.63. 1,547,890 shares of the company traded hands, compared to its average volume of 5,631,809. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $128.82 and a 200-day moving average price of $123.15. RTX Co. has a 12-month low of $97.03 and a 12-month high of $136.17. The stock has a market capitalization of $177.07 billion, a P/E ratio of 37.36, a P/E/G ratio of 2.11 and a beta of 0.78.
RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. RTX's dividend payout ratio (DPR) is 70.99%.
Insider Transactions at RTX
In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 81,508 shares of the company's stock, 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 valued at $10,309,302 over the last 90 days. Corporate insiders own 0.15% of the company's stock.
RTX Profile
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Free Report)
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.
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