Valley Brook Capital Group Inc. Sells 321 Shares of RTX Co. (NYSE:RTX)

Valley Brook Capital Group Inc. cut its stake in RTX Co. (NYSE:RTX) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,234 shares of the company’s stock after selling 321 shares during the quarter. RTX comprises approximately 1.8% of Valley Brook Capital Group Inc.’s holdings, making the stock its 12th largest holding. Valley Brook Capital Group Inc.’s holdings in RTX were worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. CX Institutional lifted its position in shares of RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after purchasing an additional 11,706 shares during the last quarter. LRI Investments LLC lifted its position in shares of RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new stake in shares of RTX during the third quarter worth $1,307,000. Czech National Bank lifted its position in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp lifted its position in shares of RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after purchasing an additional 4,151 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $129.01 on Wednesday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The firm has a market capitalization of $171.86 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock’s 50-day simple moving average is $120.40 and its 200-day simple moving average is $120.49.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. As a group, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America raised their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.