RTX Co. (NYSE:RTX) Shares Sold by Investors Research Corp

Investors Research Corp lowered its stake in shares of RTX Co. (NYSE:RTX) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,889 shares of the company’s stock after selling 200 shares during the quarter. Investors Research Corp’s holdings in RTX were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RTX. Assetmark Inc. boosted its holdings in RTX by 10.7% in the third quarter. Assetmark Inc. now owns 143,375 shares of the company’s stock worth $17,371,000 after purchasing an additional 13,829 shares during the period. Covestor Ltd boosted its holdings in RTX by 48.4% in the third quarter. Covestor Ltd now owns 1,325 shares of the company’s stock worth $160,000 after purchasing an additional 432 shares during the period. Baker Avenue Asset Management LP boosted its holdings in RTX by 49.2% in the third quarter. Baker Avenue Asset Management LP now owns 9,280 shares of the company’s stock worth $1,124,000 after purchasing an additional 3,059 shares during the period. Tyler Stone Wealth Management boosted its holdings in RTX by 118.0% in the third quarter. Tyler Stone Wealth Management now owns 5,743 shares of the company’s stock worth $696,000 after purchasing an additional 3,108 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in RTX in the third quarter worth $138,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.40.

Insider Activity

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $128.50 on Tuesday. RTX Co. has a 52 week low of $89.44 and a 52 week high of $135.36. 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 company’s 50-day moving average price is $124.29 and its two-hundred day moving average price is $121.90. The stock has a market cap of $171.17 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last released its earnings results 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 net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.