Simplicity Wealth LLC Has $419,000 Holdings in RTX Co. (NYSE:RTX)

Simplicity Wealth LLC decreased its holdings in RTX Co. (NYSE:RTX - Free Report) by 69.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,623 shares of the company's stock after selling 8,265 shares during the quarter. Simplicity Wealth LLC's holdings in RTX were worth $419,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Amundi grew its position in RTX by 83.1% in the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after buying an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock worth $286,845,000 after purchasing an additional 2,094,834 shares during the period. Capital Wealth Planning LLC acquired a new position in RTX in the 4th quarter worth approximately $216,340,000. Proficio Capital Partners LLC boosted its stake in RTX by 19,052.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company's stock worth $120,724,000 after purchasing an additional 1,037,792 shares during the period. Finally, Jennison Associates LLC boosted its stake in RTX by 190.7% in the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company's stock worth $175,202,000 after purchasing an additional 993,273 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RTX shares. Susquehanna raised 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. Royal Bank of Canada lifted 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. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.40.

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Insider Buying and Selling

In other news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 19,431 shares of the company's stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.13% of the stock is currently owned by company insiders.

RTX Stock Performance

RTX traded down $0.36 during trading on Tuesday, hitting $128.16. The stock had a trading volume of 4,404,483 shares, compared to its average volume of 5,602,356. The firm has a market cap of $170.73 billion, a PE ratio of 36.10, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 12 month low of $89.44 and a 12 month high of $135.36. 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 has a 50 day simple moving average of $124.54 and a 200-day simple moving average of $121.97.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 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%. Analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.97%. RTX's dividend payout ratio (DPR) is presently 70.99%.

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.