Slagle Financial LLC Cuts Stock Holdings in RTX Co. (NYSE:RTX)

Slagle Financial LLC cut its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,651 shares of the company's stock after selling 8,035 shares during the period. RTX accounts for 1.4% of Slagle Financial LLC's holdings, making the stock its 25th largest position. Slagle Financial LLC's holdings in RTX were worth $3,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RTX. FMR LLC lifted its position in shares of RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company's stock valued at $739,421,000 after acquiring an additional 490,109 shares during the period. Quantbot Technologies LP acquired a new stake in RTX during the third quarter worth about $405,000. Freedom Investment Management Inc. increased its holdings in RTX by 37.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,508 shares of the company's stock valued at $425,000 after buying an additional 960 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of RTX in the 3rd quarter valued at approximately $46,889,000. Finally, CreativeOne Wealth LLC lifted its holdings in shares of RTX by 31.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 18,072 shares of the company's stock worth $2,190,000 after acquiring an additional 4,374 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Trading Down 1.3 %

Shares of NYSE RTX traded down $1.75 during trading on Friday, reaching $131.68. The company had a trading volume of 3,934,907 shares, compared to its average volume of 5,648,342. RTX Co. has a 12 month low of $97.03 and a 12 month 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. The stock has a market cap of $175.81 billion, a P/E ratio of 37.09, a PEG ratio of 2.11 and a beta of 0.78. The company's fifty day moving average price is $128.59 and its 200-day moving average price is $123.03.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $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. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a research report on Monday, March 24th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

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.