Western Wealth Management LLC Has $1.18 Million Stock Holdings in RTX Co. (NYSE:RTX)

Western Wealth Management LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,034 shares of the company’s stock after selling 451 shares during the period. Western Wealth Management LLC’s holdings in RTX were worth $1,181,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX in the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of RTX in the first quarter valued at approximately $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the fourth quarter valued at approximately $30,000. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Barclays lifted their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Royal Bank of Canada lifted their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Finally, Bank of America raised RTX from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.44.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

RTX Trading Up 0.8 %

Shares of RTX opened at $101.57 on Friday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.32. The business’s fifty day moving average is $94.55 and its 200-day moving average is $86.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm has a market cap of $135.05 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same quarter last year, the company posted $1.27 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is 105.36%.

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.