RTX Co. (NYSE:RTX) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. decreased its position in RTX Co. (NYSE:RTX) by 25.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,385 shares of the company’s stock after selling 2,221 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in RTX were worth $739,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at $29,000. Modus Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the fourth quarter valued at $40,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of RTX by 296.8% during the fourth 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 last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $129.75 on Thursday. 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 Co. has a fifty-two week low of $89.44 and a fifty-two week high of $135.36. The stock’s 50-day moving average is $123.56 and its two-hundred day moving average is $121.65. The firm has a market cap of $172.85 billion, a P/E ratio of 36.55, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $142.00 to $147.00 in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.40.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 in the last three months. Insiders own 0.13% of the company’s stock.

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.