Rockefeller Capital Management L.P. Sells 19,282 Shares of RTX Co. (NYSE:RTX)

Rockefeller Capital Management L.P. lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,773 shares of the company's stock after selling 19,282 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in RTX were worth $58,587,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in RTX in the third quarter worth approximately $321,000. Tudor Financial Inc. acquired a new position in shares of RTX during the 3rd quarter worth $797,000. World Investment Advisors LLC raised its holdings in shares of RTX by 37.1% during the 3rd quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock valued at $4,944,000 after purchasing an additional 11,033 shares in the last quarter. Sfmg LLC lifted its stake in shares of RTX by 4.7% in the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company's stock valued at $8,963,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in RTX by 365.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock worth $13,962,000 after purchasing an additional 90,499 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Vertical Research raised RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Royal Bank of Canada lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Citigroup lowered their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Four investment 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 stock. According to data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

RTX Stock Performance

RTX stock traded down $0.55 on Tuesday, hitting $128.59. The company's stock had a trading volume of 6,314,415 shares, compared to its average volume of 5,486,108. The company has a fifty day moving average price of $128.56 and a 200-day moving average price of $123.68. The firm has a market cap of $171.68 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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 1.96%. 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.