RTX Co. (NYSE:RTX) Stock Holdings Lessened by Skba Capital Management LLC

Skba Capital Management LLC trimmed its position in shares of RTX Co. (NYSE:RTX) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,919 shares of the company’s stock after selling 6,900 shares during the period. RTX comprises 3.7% of Skba Capital Management LLC’s portfolio, making the stock its largest position. Skba Capital Management LLC’s holdings in RTX were worth $23,713,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of RTX during the third quarter valued at approximately $405,000. Freedom Investment Management Inc. raised its holdings in RTX by 37.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,508 shares of the company’s stock worth $425,000 after purchasing an additional 960 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of RTX by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 58,013 shares of the company’s stock worth $7,029,000 after purchasing an additional 6,900 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of RTX during the 3rd quarter valued at about $2,169,000. Finally, Edgestream Partners L.P. increased its position in shares of RTX by 323.1% during the third quarter. Edgestream Partners L.P. now owns 33,942 shares of the company’s stock valued at $4,112,000 after buying an additional 25,920 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RTX shares. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’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 sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company’s stock.

RTX Stock Down 1.3 %

RTX stock opened at $131.68 on Monday. The firm has a market cap of $175.81 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 12 month low of $97.03 and a 12 month high of $136.17. The stock has a fifty day simple moving average of $128.59 and a two-hundred day simple moving average of $123.06.

RTX (NYSE:RTX) last issued its 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%. Equities analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, February 21st. 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.