RTX Co. (NYSE:RTX) Stock Holdings Lessened by Davidson Trust Co.

Davidson Trust Co. trimmed its stake in RTX Co. (NYSE:RTX) by 11.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,509 shares of the company’s stock after selling 1,699 shares during the quarter. Davidson Trust Co.’s holdings in RTX were worth $1,137,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HTLF Bank acquired a new position in RTX during the fourth quarter valued at approximately $7,697,000. Sterling Financial Planning Inc. bought a new position in RTX in the fourth quarter worth $434,000. Fidelis Capital Partners LLC lifted its position in RTX by 28.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 9,563 shares of the company’s stock worth $805,000 after purchasing an additional 2,126 shares during the period. Obermeyer Wood Investment Counsel Lllp lifted its position in RTX by 2,221.1% in the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 258,846 shares of the company’s stock worth $21,779,000 after purchasing an additional 247,694 shares during the period. Finally, Xponance Inc. lifted its position in RTX by 5.7% in the fourth quarter. Xponance Inc. now owns 176,806 shares of the company’s stock worth $14,876,000 after purchasing an additional 9,575 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RTX shares. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Royal Bank of Canada lifted their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. UBS Group lifted their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Barclays lifted their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.44.

RTX Trading Up 1.3 %

RTX stock traded up $1.26 during midday trading on Friday, reaching $101.97. The stock had a trading volume of 2,067,099 shares, compared to its average volume of 8,158,912. The business has a fifty day simple moving average of $94.33 and a two-hundred day simple moving average of $86.23. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market cap of $135.58 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.32.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share. As a group, research analysts expect that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.31%. RTX’s payout ratio is currently 105.36%.

Insider Transactions at RTX

In other news, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by company insiders.

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.