RTX Co. (NYSE:RTX) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 81.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,844 shares of the company’s stock after selling 7,976 shares during the period. WESPAC Advisors LLC’s holdings in RTX were worth $213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New England Professional Planning Group Inc. grew its position in RTX by 3.8% during the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock worth $253,000 after purchasing an additional 81 shares during the period. Wealthspire Advisors LLC grew its position in RTX by 7.2% during the 4th quarter. Wealthspire Advisors LLC now owns 17,067 shares of the company’s stock worth $1,975,000 after purchasing an additional 1,153 shares during the period. Townsend & Associates Inc grew its position in RTX by 0.8% during the 4th quarter. Townsend & Associates Inc now owns 176,738 shares of the company’s stock worth $22,225,000 after purchasing an additional 1,456 shares during the period. Marshall Investment Management LLC acquired a new stake in RTX during the 4th quarter worth about $162,000. Finally, TCW Group Inc. grew its position in RTX by 2.6% during the 4th quarter. TCW Group Inc. now owns 18,626 shares of the company’s stock worth $2,155,000 after purchasing an additional 465 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RTX. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six 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 company. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Down 1.5 %

RTX stock opened at $123.23 on Monday. 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 Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The stock has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.11 and a beta of 0.82. The business’s 50-day moving average is $121.49 and its 200 day moving average is $120.98.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced 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 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 70.99%.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.