Dempze Nancy E Decreases Stock Position in RTX Co. (NYSE:RTX)

Dempze Nancy E decreased its position in shares of RTX Co. (NYSE:RTX) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,073 shares of the company’s stock after selling 696 shares during the period. RTX comprises approximately 2.0% of Dempze Nancy E’s holdings, making the stock its 22nd biggest holding. Dempze Nancy E’s holdings in RTX were worth $3,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of RTX in the fourth quarter worth about $31,000. Picton Mahoney Asset Management raised its position in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at approximately $39,000. Millstone Evans Group LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX in the fourth quarter worth $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14 % 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 worth $10,309,302. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

RTX opened at $117.43 on Friday. 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 business’s 50 day moving average is $129.05 and its 200-day moving average is $123.35. The stock has a market cap of $156.78 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. On average, analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.15%. RTX’s payout ratio is 70.99%.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Baird R W raised RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. 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 stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $166.40.

RTX 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.