Rockefeller Capital Management L.P. Has $58.59 Million Holdings in RTX Co. (NYSE:RTX)

Rockefeller Capital Management L.P. trimmed its position in RTX Co. (NYSE:RTX) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,773 shares of the company’s stock after selling 19,282 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in RTX were worth $58,587,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Petros Family Wealth LLC purchased a new stake in shares of RTX in the 4th quarter valued at approximately $828,000. Coign Capital Advisors LLC acquired a new stake in RTX during the 4th quarter valued at $832,000. Heritage Trust Co purchased a new stake in shares of RTX in the fourth quarter valued at $1,437,000. Family Office Research LLC acquired a new stake in shares of RTX in the fourth quarter worth $2,355,000. Finally, Argent Trust Co grew its holdings in shares of RTX by 1.2% during the fourth quarter. Argent Trust Co now owns 87,052 shares of the company’s stock valued at $10,074,000 after buying an additional 1,005 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the firm’s 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 in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’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 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

RTX Stock Performance

Shares of NYSE RTX opened at $128.24 on Friday. The business’s 50-day simple moving average is $128.56 and its 200-day simple moving average is $123.59. 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 52 week low of $99.07 and a 52 week high of $136.17. The firm has a market cap of $171.21 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. As a group, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTX shares. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley boosted their price objective on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.73.

About RTX

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.