Dorsey & Whitney Trust CO LLC Sells 526 Shares of RTX Co. (NYSE:RTX)

Dorsey & Whitney Trust CO LLC cut its holdings in RTX Co. (NYSE:RTX) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,681 shares of the company’s stock after selling 526 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in RTX were worth $4,129,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Graypoint LLC raised its position in shares of RTX by 1.3% during the 3rd quarter. Graypoint LLC now owns 16,665 shares of the company’s stock valued at $2,019,000 after purchasing an additional 213 shares during the period. WoodTrust Financial Corp bought a new stake in shares of RTX during the 3rd quarter valued at $205,000. Washington Trust Bank bought a new stake in shares of RTX during the 3rd quarter valued at $210,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX during the 3rd quarter valued at $41,000. Finally, Consolidated Planning Corp raised its position in shares of RTX by 17.8% during the 3rd quarter. Consolidated Planning Corp now owns 3,027 shares of the company’s stock valued at $367,000 after purchasing an additional 458 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group raised shares of 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, February 24th. Royal Bank of Canada raised their target price 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 raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Up 0.3 %

Shares of RTX stock opened at $128.63 on Friday. The firm’s 50 day moving average price is $123.78 and its 200-day moving average price is $121.70. 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 $89.44 and a 52-week high of $135.36. The company has a market cap of $171.35 billion, a P/E ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business 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. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Insiders Place Their Bets

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.13% of the company’s stock.

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.