RTX Co. (NYSE:RTX) Holdings Lowered by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV trimmed its position in RTX Co. (NYSE:RTXFree Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,409 shares of the company’s stock after selling 895 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in RTX were worth $979,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of RTX in the fourth quarter valued at $1,580,608,000. Moneta Group Investment Advisors LLC raised its position in RTX by 87,932.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock valued at $1,373,951,000 after buying an additional 13,598,794 shares during the period. Boston Partners acquired a new stake in RTX during the 3rd quarter worth about $355,350,000. Morgan Stanley increased its holdings in shares of RTX by 11.3% in the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after purchasing an additional 3,104,282 shares during the period. Finally, Capital World Investors lifted its position in shares of RTX by 32.8% in the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.11% of the company’s stock.

RTX Stock Up 1.4 %

Shares of RTX opened at $95.54 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The company has a 50-day simple moving average of $90.52 and a 200-day simple moving average of $83.15. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The firm has a market capitalization of $127.03 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.74 and a beta of 0.87.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Barclays upped their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. TD Cowen raised their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, UBS Group increased their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus price target of $95.12.

Get Our Latest Analysis on RTX

RTX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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