RTX Co. (NYSE:RTX) Stock Position Reduced by Notis McConarty Edward

Notis McConarty Edward reduced its position in shares of RTX Co. (NYSE:RTX - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,873 shares of the company's stock after selling 2,330 shares during the period. RTX comprises approximately 2.7% of Notis McConarty Edward's holdings, making the stock its 13th largest holding. Notis McConarty Edward's holdings in RTX were worth $5,656,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RTX. 1620 Investment Advisors Inc. lifted its position in shares of RTX by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after buying an additional 79 shares during the last quarter. Fusion Capital LLC lifted its holdings in RTX by 0.5% in the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after acquiring an additional 80 shares during the last quarter. McDonough Capital Management Inc boosted its stake in RTX by 1.6% in the fourth 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 period. New England Professional Planning Group Inc. grew its holdings in shares of RTX by 3.8% during the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after purchasing an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC lifted its holdings in shares of RTX by 0.5% in the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock worth $2,047,000 after purchasing an additional 81 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RTX shares. Bank of America upped their price objective on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group raised RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Finally, Royal Bank of Canada increased their price objective on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $166.40.

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RTX Price Performance

Shares of RTX stock opened at $117.43 on Friday. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company's 50-day moving average price is $129.05 and its two-hundred day moving average price is $123.35. The stock has a market cap of $156.78 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is presently 70.99%.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares in the company, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The shares were 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 owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last three months. 0.15% of the stock is currently owned by insiders.

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.

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