RTX Co. (NYSE:RTX) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 37.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,995 shares of the company’s stock after selling 2,418 shares during the period. Regal Investment Advisors LLC’s holdings in RTX were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. United Capital Financial Advisors LLC increased its holdings in RTX by 10.0% in the fourth quarter. United Capital Financial Advisors LLC now owns 354,230 shares of the company’s stock valued at $40,991,000 after buying an additional 32,309 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $4,506,000. Anchor Investment Management LLC increased its stake in RTX by 21.7% in the 4th quarter. Anchor Investment Management LLC now owns 18,325 shares of the company’s stock valued at $2,121,000 after purchasing an additional 3,262 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its holdings in RTX by 8.4% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,759 shares of the company’s stock worth $319,000 after purchasing an additional 214 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in RTX during the fourth quarter worth $2,786,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Baird R W raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.27.

RTX Stock Performance

Shares of RTX stock opened at $129.19 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market capitalization of $172.48 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a 50 day moving average price of $128.57 and a 200 day moving average price of $123.75.

RTX (NYSE:RTX) last released its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 dividend yield of 1.95%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insider Buying and Selling

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was 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 $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate insiders.

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.