Wintrust Investments LLC Has $133,000 Position in RTX Co. (NYSE:RTX)

Wintrust Investments LLC lessened its position in shares of RTX Co. (NYSE:RTX - Free Report) by 66.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,155 shares of the company's stock after selling 2,278 shares during the quarter. Wintrust Investments LLC's holdings in RTX were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth approximately $29,000. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter worth approximately $31,000. Modus Advisors LLC bought a new position in shares of RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's 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 transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at approximately $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. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last three months. Company insiders own 0.13% of the company's stock.

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RTX Trading Up 0.9 %

Shares of RTX stock traded up $1.18 during trading on Thursday, reaching $129.14. 3,432,720 shares of the company were exchanged, compared to its average volume of 5,559,512. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $91.05 and a twelve month high of $135.36. The business has a 50-day moving average price of $124.78 and a 200-day moving average price of $122.01. The firm has a market capitalization of $172.03 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. 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 will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating and raised their target price for the stock from $142.00 to $147.00 in a research report on Monday, February 24th. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.40.

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.