RTX Co. (NYSE:RTX) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC cut its stake in RTX Co. (NYSE:RTX) by 11.5% in the fourth quarter, HoldingsChannel reports. The fund owned 190,461 shares of the company’s stock after selling 24,847 shares during the period. Todd Asset Management LLC’s holdings in RTX were worth $22,040,000 as of its most recent filing with the Securities and Exchange Commission.

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

RTX Stock Up 1.7 %

Shares of NYSE:RTX opened at $125.33 on Tuesday. The company has a market capitalization of $166.95 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.11 and a beta of 0.82. RTX Co. has a 12-month low of $88.95 and a 12-month high of $132.43. The business has a 50-day moving average price of $121.64 and a 200 day moving average price of $121.05. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.01%. RTX’s dividend payout ratio is presently 70.99%.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RTX shares. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

About RTX

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.