RTX Co. (NYSE:RTX) Stock Holdings Lessened by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lessened its holdings in RTX Co. (NYSE:RTX) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,609 shares of the company’s stock after selling 725 shares during the period. Aull & Monroe Investment Management Corp’s holdings in RTX were worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new stake in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX in the fourth quarter worth $39,000. Comprehensive Financial Planning Inc. PA bought a new position in RTX during the fourth quarter worth $40,000. Western Pacific Wealth Management LP bought a new position in RTX during the third quarter worth $41,000. Finally, Iron Horse Wealth Management LLC raised its stake in RTX by 296.8% during the 4th 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. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was 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 owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RTX shares. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Price Performance

Shares of NYSE RTX opened at $129.75 on Thursday. The business’s 50 day moving average is $123.56 and its 200-day moving average is $121.65. The firm has a market cap of $172.85 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 1-year low of $89.44 and a 1-year high of $135.36. 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 (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

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.