RS Crum Inc. Lowers Stake in RTX Co. (NYSE:RTX)

RS Crum Inc. reduced its position in shares of RTX Co. (NYSE:RTX) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,772 shares of the company’s stock after selling 120 shares during the quarter. RS Crum Inc.’s holdings in RTX were worth $436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. SlateStone Wealth LLC grew its stake in shares of RTX by 0.9% in the fourth quarter. SlateStone Wealth LLC now owns 85,904 shares of the company’s stock worth $9,941,000 after acquiring an additional 782 shares during the period. GWN Securities Inc. bought a new stake in shares of RTX in the fourth quarter worth approximately $1,128,000. Harbour Investments Inc. grew its stake in shares of RTX by 1.7% in the fourth quarter. Harbour Investments Inc. now owns 19,965 shares of the company’s stock worth $2,310,000 after acquiring an additional 342 shares during the period. Tumwater Wealth Management LLC bought a new stake in shares of RTX in the fourth quarter worth approximately $580,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of RTX by 0.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 81,470 shares of the company’s stock worth $9,428,000 after acquiring an additional 664 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $130.00 on Friday. RTX Co. has a one year low of $92.35 and a one year high of $135.36. The company’s fifty day moving average price is $125.33 and its 200-day moving average price is $122.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a market capitalization of $173.56 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.40.

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.