Sigma Planning Corp Cuts Stake in RTX Co. (NYSE:RTX)

Sigma Planning Corp trimmed its position in shares of RTX Co. (NYSE:RTX) by 50.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,545 shares of the company’s stock after selling 14,995 shares during the quarter. Sigma Planning Corp’s holdings in RTX were worth $1,224,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in shares of RTX during the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX during the 3rd quarter valued at about $28,000. Planned Solutions Inc. purchased a new position in shares of RTX in the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after buying an additional 127 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 0.0 %

RTX stock opened at $101.59 on Tuesday. The stock has a market cap of $135.08 billion, a P/E ratio of 45.35, a PEG ratio of 1.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a 1 year low of $68.56 and a 1 year high of $102.63. The firm’s 50 day moving average price is $94.76 and its 200-day moving average price is $86.89.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. On average, equities analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Royal Bank of Canada raised their price objective on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird raised their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Finally, Barclays raised their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.40.

Insider Activity at RTX

In related news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by corporate insiders.

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.