Angeles Investment Advisors LLC Lowers Holdings in RTX Co. (NYSE:RTX)

Angeles Investment Advisors LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,149 shares of the company’s stock after selling 101 shares during the period. Angeles Investment Advisors LLC’s holdings in RTX were worth $480,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management lifted its holdings in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the period. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at approximately $39,000. Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RTX shares. Morgan Stanley increased their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $142.00 to $147.00 in a research report on Monday, February 24th. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $166.40.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the transaction, the executive vice president now directly owns 29,742 shares in the company, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

RTX Stock Down 1.6 %

NYSE RTX opened at $132.35 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $95.27 and a 52 week high of $135.74. The business’s fifty day simple moving average is $127.15 and its 200-day simple moving average is $122.56. The firm has a market cap of $176.70 billion, a PE ratio of 37.28, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. As a group, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.