Excalibur Management Corp Sells 784 Shares of RTX Co. (NYSE:RTX)

Excalibur Management Corp trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,452 shares of the company’s stock after selling 784 shares during the period. Excalibur Management Corp’s holdings in RTX were worth $1,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RTX. Douglass Winthrop Advisors LLC raised its stake in shares of RTX by 4.2% in the third quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock worth $761,000 after acquiring an additional 255 shares during the last quarter. DRW Securities LLC boosted its position in RTX by 212.1% in the 3rd quarter. DRW Securities LLC now owns 11,092 shares of the company’s stock valued at $1,343,000 after buying an additional 7,538 shares during the last quarter. Boston Family Office LLC increased its stake in shares of RTX by 18.6% in the 3rd quarter. Boston Family Office LLC now owns 9,199 shares of the company’s stock valued at $1,115,000 after buying an additional 1,441 shares during the period. Truvestments Capital LLC bought a new stake in shares of RTX during the third quarter worth $211,000. Finally, Diversified LLC boosted its holdings in RTX by 5.5% in the third quarter. Diversified LLC now owns 2,130 shares of the company’s stock valued at $258,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.9 %

NYSE RTX opened at $135.84 on Wednesday. RTX Co. has a 52 week low of $95.58 and a 52 week high of $135.94. 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 stock’s 50 day moving average price is $127.81 and its two-hundred day moving average price is $122.79. The stock has a market capitalization of $181.36 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted 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, analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s payout ratio is presently 70.99%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RTX shares. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the sale, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. This represents a 39.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company’s stock.

RTX 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.