One Plus One Wealth Management LLC Has $381,000 Stock Position in RTX Co. (NYSE:RTX)

One Plus One Wealth Management LLC lowered its stake in RTX Co. (NYSE:RTXFree Report) by 17.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,523 shares of the company’s stock after selling 950 shares during the period. One Plus One Wealth Management LLC’s holdings in RTX were worth $381,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP acquired a new position in shares of RTX during the 1st quarter worth approximately $28,000. Planned Solutions Inc. acquired a new position in shares of RTX during the 4th quarter worth approximately $30,000. VitalStone Financial LLC grew its position in shares of RTX by 136.5% during the 2nd quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of RTX during the 3rd quarter worth approximately $28,000. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.2 %

NYSE:RTX opened at $97.76 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $129.99 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 1.78 and a beta of 0.88. The firm has a fifty day simple moving average of $91.90 and a two-hundred day simple moving average of $83.93. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. Analysts expect that RTX Co. will post 5.39 EPS for the current fiscal 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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is currently 105.36%.

Insider Activity

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last three months. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RTX. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price target on shares of RTX in a report on Monday. TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Barclays increased 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. 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 note on Tuesday, January 16th. Finally, UBS Group increased their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $95.12.

View Our Latest Analysis on RTX

About RTX

(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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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