AGF Management Ltd. Sells 4,067 Shares of RTX Co. (NYSE:RTX)

AGF Management Ltd. reduced its stake in RTX Co. (NYSE:RTX) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,486 shares of the company’s stock after selling 4,067 shares during the period. AGF Management Ltd.’s holdings in RTX were worth $3,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of RTX in the 4th quarter worth $31,000. Avantax Planning Partners Inc. grew its stake in shares of RTX by 8.5% in the 4th quarter. Avantax Planning Partners Inc. now owns 7,361 shares of the company’s stock worth $852,000 after buying an additional 576 shares in the last quarter. Gables Capital Management Inc. grew its stake in shares of RTX by 3.6% in the 4th quarter. Gables Capital Management Inc. now owns 8,693 shares of the company’s stock worth $1,006,000 after buying an additional 300 shares in the last quarter. Donaldson Capital Management LLC grew its stake in shares of RTX by 3.2% in the 4th quarter. Donaldson Capital Management LLC now owns 318,907 shares of the company’s stock worth $36,904,000 after buying an additional 9,849 shares in the last quarter. Finally, Miller Financial Services LLC purchased a new position in shares of RTX in the 4th quarter worth $217,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $128.09 on Thursday. The stock has a market cap of $170.63 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 1 year low of $89.82 and a 1 year high of $135.36. The firm has a 50-day moving average of $124.78 and a two-hundred day moving average of $122.01.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s dividend payout ratio is currently 70.99%.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $147.00 in a research note on Monday, February 24th. Finally, Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Activity

In other news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is currently owned by corporate insiders.

RTX Company 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.