Valeo Financial Advisors LLC Has $10.11 Million Stock Position in RTX Co. (NYSE:RTX)

Valeo Financial Advisors LLC cut its position in shares of RTX Co. (NYSE:RTX) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,333 shares of the company’s stock after selling 2,799 shares during the quarter. Valeo Financial Advisors LLC’s holdings in RTX were worth $10,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX during the fourth quarter valued at approximately $40,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter worth $41,000. Finally, Iron Horse Wealth Management LLC increased its stake 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 buying an additional 279 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

RTX Stock Performance

RTX stock opened at $122.68 on Friday. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The firm has a market cap of $163.42 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $120.79 and a 200-day moving average of $120.63.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 2.05%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.