Capital City Trust Co. FL Has $807,000 Stake in RTX Co. (NYSE:RTX)

Capital City Trust Co. FL reduced its position in shares of RTX Co. (NYSE:RTXFree Report) by 39.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,596 shares of the company’s stock after selling 6,157 shares during the period. Capital City Trust Co. FL’s holdings in RTX were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of RTX during the 4th quarter worth approximately $1,580,608,000. Moneta Group Investment Advisors LLC grew its position in RTX by 87,932.7% in 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 purchasing an additional 13,598,794 shares in the last quarter. Boston Partners acquired a new stake in RTX in the 3rd quarter valued at $355,350,000. Morgan Stanley lifted its position in RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after buying an additional 3,104,282 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of RTX by 32.8% during the 1st quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after buying an additional 2,256,475 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. UBS Group lifted their target price on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Barclays upped their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. TD Cowen raised their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $94.00 price objective (up previously from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.12.

Read Our Latest Stock Report on RTX

RTX Stock Performance

NYSE RTX opened at $97.53 on Friday. RTX Co. has a 12-month low of $68.56 and a 12-month high of $104.91. The firm has a 50-day moving average price of $91.65 and a two-hundred day moving average price of $83.72. The company has a market capitalization of $129.68 billion, a P/E ratio of 43.54, a P/E/G ratio of 1.78 and a beta of 0.87. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.42%. RTX’s dividend payout ratio is 105.36%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX 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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