Dividend Assets Capital LLC Sells 186 Shares of RTX Co. (NYSE:RTX)

Dividend Assets Capital LLC lessened its stake in shares of RTX Co. (NYSE:RTX) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,200 shares of the company’s stock after selling 186 shares during the period. Dividend Assets Capital LLC’s holdings in RTX were worth $1,759,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in RTX in the fourth quarter valued at $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of RTX by 296.8% in the 4th 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 during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RTX. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

RTX Stock Performance

Shares of NYSE:RTX opened at $123.23 on Friday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company’s 50 day moving average price is $121.49 and its two-hundred day moving average price is $120.89. The firm has a market cap of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued 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%. Equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

RTX Company 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.