Savant Capital LLC Lowers Holdings in RTX Co. (NYSE:RTX)

Savant Capital LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,002 shares of the company’s stock after selling 5,202 shares during the period. Savant Capital LLC’s holdings in RTX were worth $14,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. LongView Wealth Management bought a new stake in RTX in the 3rd quarter worth approximately $218,000. Ritholtz Wealth Management increased its position in RTX by 15.4% in the third quarter. Ritholtz Wealth Management now owns 25,662 shares of the company’s stock worth $3,109,000 after purchasing an additional 3,420 shares during the last quarter. Carnegie Investment Counsel raised its stake in RTX by 0.3% during the third quarter. Carnegie Investment Counsel now owns 113,231 shares of the company’s stock valued at $13,718,000 after purchasing an additional 362 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in RTX by 18.2% during the third quarter. CHICAGO TRUST Co NA now owns 11,636 shares of the company’s stock valued at $1,410,000 after purchasing an additional 1,790 shares during the last quarter. Finally, Ballew Advisors Inc purchased a new position in shares of RTX in the 3rd quarter worth $220,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $128.07 on Monday. The stock has a market cap of $170.60 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The firm has a 50-day moving average of $119.99 and a two-hundred day moving average of $120.28. RTX Co. has a 1 year low of $88.90 and a 1 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.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed 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 1.97%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction 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 owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company 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.