Chronos Wealth Management LLC Sells 125 Shares of RTX Co. (NYSE:RTX)

Chronos Wealth Management LLC cut its holdings in RTX Co. (NYSE:RTX) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,446 shares of the company’s stock after selling 125 shares during the quarter. RTX accounts for about 2.2% of Chronos Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Chronos Wealth Management LLC’s holdings in RTX were worth $4,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in RTX. Brookstone Capital Management boosted its stake in RTX by 1.6% in the 3rd quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock valued at $4,932,000 after purchasing an additional 640 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of RTX in the third quarter valued at about $350,000. CWM LLC grew its stake in shares of RTX by 2.5% in the third quarter. CWM LLC now owns 128,288 shares of the company’s stock valued at $15,543,000 after acquiring an additional 3,080 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in RTX by 23.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock worth $86,000 after purchasing an additional 134 shares in the last quarter. Finally, Cypress Wealth Services LLC acquired a new position in shares of RTX during the 3rd quarter worth approximately $393,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.6 %

RTX opened at $128.07 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $170.60 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a fifty day moving average of $119.99 and a 200-day moving average of $120.07. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX) last announced its 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%. On average, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’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 transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on RTX shares. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Citigroup raised 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 research note on Tuesday, January 21st. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.