Angeles Investment Advisors LLC Has $480,000 Stake in RTX Co. (NYSE:RTX)

Angeles Investment Advisors LLC lowered its holdings in RTX Co. (NYSE:RTX) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,149 shares of the company’s stock after selling 101 shares during the period. Angeles Investment Advisors LLC’s holdings in RTX were worth $480,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of RTX by 3.9% during the third quarter. Pacer Advisors Inc. now owns 98,965 shares of the company’s stock valued at $11,991,000 after buying an additional 3,676 shares during the period. Eagle Asset Management Inc. lifted its position in RTX by 6.4% during the third quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock valued at $7,846,000 after purchasing an additional 3,818 shares during the last quarter. Stonebrook Private Inc. bought a new position in shares of RTX in the 3rd quarter worth $229,000. Cerity Partners LLC raised its position in RTX by 11.6% during the third quarter. Cerity Partners LLC now owns 680,484 shares of the company’s stock valued at $82,448,000 after purchasing an additional 70,838 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of RTX by 79.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 49,732 shares of the company’s stock valued at $6,026,000 after purchasing an additional 21,953 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RTX. Susquehanna boosted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Price Performance

NYSE RTX opened at $132.35 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a market capitalization of $176.70 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78. The stock has a 50-day moving average of $127.15 and a 200 day moving average of $122.56. RTX Co. has a one year low of $95.27 and a one year high of $135.74.

RTX (NYSE:RTX) last issued its earnings results 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 net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.90%. RTX’s payout ratio is presently 70.99%.

Insider Activity at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% 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.