RTX Co. (NYSE:RTX) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in shares of RTX Co. (NYSE:RTX - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,355 shares of the company's stock after selling 19,078 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in RTX were worth $14,739,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter valued at $31,000. Picton Mahoney Asset Management grew its position in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the period. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter worth $39,000. Millstone Evans Group LLC bought a new position in RTX in the 4th quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in RTX in the fourth quarter worth about $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RTX shares. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada lowered their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday. Susquehanna lowered their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Citigroup reduced their price objective on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, RTX currently has a consensus rating of "Buy" and an average target price of $161.38.

RTX Stock Performance

RTX traded up $3.46 during midday trading on Friday, hitting $125.43. 6,203,060 shares of the company were exchanged, compared to its average volume of 5,503,491. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The company's 50 day simple moving average is $128.28 and its 200 day simple moving average is $123.73. The firm has a market capitalization of $167.46 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current 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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is currently 73.90%.

About RTX

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.