Woodward Diversified Capital LLC Has $578,000 Stake in RTX Co. (NYSE:RTX)

Woodward Diversified Capital LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,991 shares of the company’s stock after selling 369 shares during the period. Woodward Diversified Capital LLC’s holdings in RTX were worth $578,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter valued at about $41,000. Iron Horse Wealth Management LLC lifted its holdings in shares of RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of RTX during the third quarter worth about $50,000. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group raised their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

Insider Transactions at RTX

In related news, 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 value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

RTX Stock Down 0.6 %

RTX stock opened at $128.07 on Friday. The business’s 50 day simple moving average is $119.99 and its 200 day simple moving average is $120.07. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The firm has a market capitalization of $170.60 billion, a PE ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. 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 (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company 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 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is presently 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.