Titan Global Capital Management USA LLC Sells 3,193 Shares of RTX Co. (NYSE:RTX)

Titan Global Capital Management USA LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,690 shares of the company’s stock after selling 3,193 shares during the quarter. Titan Global Capital Management USA LLC’s holdings in RTX were worth $4,130,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management increased its stake in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Millstone Evans Group LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX in the 4th quarter valued at about $40,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price target on RTX from $156.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.73.

RTX Stock Down 1.1 %

Shares of NYSE:RTX opened at $126.97 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.17. The company has a market capitalization of $169.52 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a fifty day moving average of $128.56 and a 200-day moving average of $123.54.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.98%. RTX’s dividend payout ratio is presently 70.99%.

RTX 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.