RTX Co. (NYSE:RTX) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc cut its stake in RTX Co. (NYSE:RTX - Free Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,523 shares of the company's stock after selling 2,658 shares during the quarter. Capital Investment Counsel Inc's holdings in RTX were worth $3,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter worth $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the 4th quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RTX. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. StockNews.com lowered RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price objective on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.07.

RTX Trading Down 1.5 %

RTX traded down $1.88 during trading hours on Friday, reaching $123.23. The company's stock had a trading volume of 4,845,158 shares, compared to its average volume of 4,781,505. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The business's 50-day moving average is $121.49 and its 200-day moving average is $120.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market cap of $164.16 billion, a PE ratio of 34.71, a P/E/G ratio of 2.12 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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, equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. 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 is currently 70.99%.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.