TD Private Client Wealth LLC Lowers Position in RTX Co. (NYSE:RTX)

TD Private Client Wealth LLC cut its holdings in RTX Co. (NYSE:RTX) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,524 shares of the company’s stock after selling 2,737 shares during the quarter. TD Private Client Wealth LLC’s holdings in RTX were worth $5,615,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RTX. Avior Wealth Management LLC lifted its stake in RTX by 1.4% in the third quarter. Avior Wealth Management LLC now owns 8,134 shares of the company’s stock worth $980,000 after acquiring an additional 114 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of RTX by 20.7% during the third quarter. Segall Bryant & Hamill LLC now owns 118,758 shares of the company’s stock valued at $14,389,000 after buying an additional 20,385 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of RTX by 15.3% in the 3rd quarter. Jennison Associates LLC now owns 520,742 shares of the company’s stock valued at $63,093,000 after buying an additional 69,285 shares in the last quarter. Cornerstone Advisors LLC grew its position in shares of RTX by 2.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 90,700 shares of the company’s stock worth $10,989,000 after buying an additional 2,400 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of RTX by 32.7% in the 3rd quarter. Intech Investment Management LLC now owns 50,497 shares of the company’s stock worth $6,118,000 after buying an additional 12,445 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX opened at $134.37 on Friday. The business’s 50-day moving average is $126.80 and its two-hundred day moving average is $122.47. The company has a market capitalization of $179.40 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $94.08 and a fifty-two week high of $135.74.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RTX shares. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $136.00 to $160.00 in a research report on Wednesday. Wells Fargo & Company upped their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

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.