RTX Co. (NYSE:RTX) Shares Sold by Nwam LLC

Nwam LLC reduced its holdings in RTX Co. (NYSE:RTX) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,098 shares of the company’s stock after selling 382 shares during the period. Nwam LLC’s holdings in RTX were worth $1,516,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX during the third quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new position in RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC acquired a new stake in RTX in the 4th quarter worth about $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX during the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after acquiring an additional 279 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Stock Up 2.5 %

Shares of NYSE:RTX opened at $130.49 on Friday. The business has a 50-day moving average price of $122.39 and a 200 day moving average price of $121.24. RTX Co. has a 12-month low of $88.95 and a 12-month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $173.83 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.93%. RTX’s payout ratio is presently 70.99%.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at $3,771,880.44. The trade was a 39.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,334 shares of company stock worth $4,639,194. 0.13% of the stock is currently owned by company insiders.

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.