RTX Co. (NYSE:RTX) Shares Sold by Processus Wealth & Capital Management LLC

Processus Wealth & Capital Management LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,113 shares of the company’s stock after selling 1,496 shares during the period. RTX makes up about 2.0% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 20th biggest position. Processus Wealth & Capital Management LLC’s holdings in RTX were worth $2,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of RTX by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,806,866 shares of the company’s stock worth $1,134,851,000 after acquiring an additional 549,814 shares during the period. EdgeRock Capital LLC lifted its stake in RTX by 3.3% in the 4th quarter. EdgeRock Capital LLC now owns 7,013 shares of the company’s stock valued at $811,000 after buying an additional 224 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of RTX by 19.6% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 20,814 shares of the company’s stock worth $2,409,000 after purchasing an additional 3,412 shares during the period. Prasad Wealth Partners LLC purchased a new position in shares of RTX during the 4th quarter worth $312,000. Finally, Crestwood Advisors Group LLC lifted its stake in shares of RTX by 0.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 24,522 shares of the company’s stock worth $2,838,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX opened at $125.33 on Tuesday. The firm’s 50-day moving average price is $121.64 and its two-hundred day moving average price is $121.05. The stock has a market capitalization of $166.95 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52-week low of $88.95 and a 52-week high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RTX shares. Royal Bank of Canada upped their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Susquehanna upped their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $142.00 to $147.00 in a research note on Monday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 owns 44,415 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Company 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.