Live Oak Private Wealth LLC Has $8.64 Million Holdings in RTX Co. (NYSE:RTX)

Live Oak Private Wealth LLC lowered its stake in RTX Co. (NYSE:RTX) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,677 shares of the company’s stock after selling 1,659 shares during the quarter. RTX makes up approximately 1.5% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 22nd largest position. Live Oak Private Wealth LLC’s holdings in RTX were worth $8,642,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management grew its stake in shares of RTX by 1.6% during the third quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock worth $4,932,000 after buying an additional 640 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in RTX during the 3rd quarter worth $350,000. CWM LLC increased its holdings in RTX by 2.5% in the 3rd quarter. CWM LLC now owns 128,288 shares of the company’s stock worth $15,543,000 after purchasing an additional 3,080 shares in the last quarter. Abner Herrman & Brock LLC raised its position in RTX by 17.4% in the third quarter. Abner Herrman & Brock LLC now owns 73,855 shares of the company’s stock valued at $8,948,000 after purchasing an additional 10,937 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of RTX by 23.3% during the third quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock worth $86,000 after purchasing an additional 134 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred 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 directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price target 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. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

Shares of RTX opened at $128.80 on Friday. The stock has a 50-day moving average of $119.87 and a 200-day moving average of $119.90. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a market cap of $171.43 billion, a PE ratio of 36.28, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings data 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%. On average, equities research analysts predict that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.