Aull & Monroe Investment Management Corp Reduces Stock Position in RTX Co. (NYSE:RTX)

Aull & Monroe Investment Management Corp cut its stake in RTX Co. (NYSE:RTX) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,609 shares of the company’s stock after selling 725 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in RTX were worth $2,038,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its position in RTX by 36.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after purchasing an additional 97,749 shares during the period. United Advisor Group LLC boosted its position in shares of RTX by 11.1% during the third quarter. United Advisor Group LLC now owns 4,452 shares of the company’s stock valued at $539,000 after purchasing an additional 445 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in RTX by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 24,352 shares of the company’s stock valued at $2,950,000 after acquiring an additional 106 shares during the period. Balentine LLC purchased a new stake in shares of RTX in the third quarter worth $402,000. Finally, Avidian Wealth Enterprises LLC increased its holdings in shares of RTX by 4.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 14,893 shares of the company’s stock worth $1,804,000 after purchasing an additional 572 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were 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 trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

RTX stock opened at $129.75 on Thursday. The firm has a market capitalization of $172.85 billion, a PE ratio of 36.55, 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 quick ratio of 0.74 and a current ratio of 0.99. The stock’s 50 day moving average price is $123.56 and its 200 day moving average price is $121.65. RTX Co. has a one year low of $89.44 and a one year high of $135.36.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced 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. This represents a $2.52 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RTX shares. 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. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Five investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.