RTX Co. (NYSE:RTX) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC decreased its stake in shares of RTX Co. (NYSE:RTX) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,039 shares of the company’s stock after selling 6,501 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in RTX were worth $3,129,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Avestar Capital LLC raised its stake in RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC raised its stake in RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after purchasing an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC raised its stake in RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares during the last quarter. Finally, Traveka Wealth LLC increased its holdings in RTX by 3.2% in the 4th quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock valued at $323,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of NYSE:RTX opened at $128.80 on Friday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The company’s 50-day moving average price is $119.87 and its two-hundred day moving average price is $119.90. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $171.43 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts forecast that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given 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 yield of 1.96%. RTX’s payout ratio is presently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group boosted their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.07.

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.