TD Private Client Wealth LLC Lowers Position in RTX Co. (NYSE:RTX)

TD Private Client Wealth LLC reduced its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,524 shares of the company's stock after selling 2,737 shares during the period. TD Private Client Wealth LLC's holdings in RTX were worth $5,615,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management boosted its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares during the last quarter. Modus Advisors LLC purchased a new position in RTX during the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX in the 4th quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC increased its holdings in 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 acquiring an additional 279 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the company'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 sale, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This represents 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 valued at $10,309,302 over the last ninety days. Insiders own 0.15% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RTX shares. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted 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. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

RTX Price Performance

Shares of NYSE:RTX traded up $1.15 during trading on Tuesday, reaching $135.84. 3,989,259 shares of the company's stock traded hands, compared to its average volume of 5,370,216. The firm has a market cap of $181.36 billion, a PE ratio of 38.26, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. 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 company has a 50-day simple moving average of $127.48 and a 200-day simple moving average of $122.66.

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

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. 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.