Equitable Trust Co. Has $2.51 Million Stock Position in RTX Co. (NYSE:RTX)

Equitable Trust Co. decreased its position in RTX Co. (NYSE:RTX) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,680 shares of the company’s stock after selling 1,777 shares during the period. Equitable Trust Co.’s holdings in RTX were worth $2,509,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. grew its stake in shares of RTX by 7.8% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 24,263 shares of the company’s stock valued at $2,808,000 after purchasing an additional 1,751 shares during the period. Soltis Investment Advisors LLC grew its stake in shares of RTX by 5.4% in the 4th quarter. Soltis Investment Advisors LLC now owns 15,993 shares of the company’s stock valued at $1,851,000 after purchasing an additional 823 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of RTX in the 4th quarter valued at approximately $455,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX in the 4th quarter valued at approximately $40,000. Finally, Harbour Trust & Investment Management Co grew its stake in shares of RTX by 2.5% in the 4th quarter. Harbour Trust & Investment Management Co now owns 91,393 shares of the company’s stock valued at $10,576,000 after purchasing an additional 2,229 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RTX shares. JPMorgan Chase & Co. upped their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. UBS Group increased their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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 the firm’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 sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

RTX Stock Performance

RTX stock opened at $128.11 on Tuesday. The business’s fifty day moving average is $120.18 and its 200-day moving average is $120.38. 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 company has a market cap of $170.65 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

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

RTX Dividend Announcement

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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s 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.