Dividend Assets Capital LLC Sells 186 Shares of RTX Co. (NYSE:RTX)

Dividend Assets Capital LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 15,200 shares of the company’s stock after selling 186 shares during the period. Dividend Assets Capital LLC’s holdings in RTX were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the third quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in shares of RTX in the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the 4th quarter valued at $40,000. Western Pacific Wealth Management LP bought a new stake in RTX during the 3rd quarter worth $41,000. Finally, Iron Horse Wealth Management LLC increased its holdings in RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RTX. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their price target 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. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Down 1.5 %

Shares of NYSE:RTX opened at $123.23 on Friday. The business’s 50-day moving average is $121.49 and its 200-day moving average is $120.89. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a market capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. 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 (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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 predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $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 is available at this link. 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.