Autumn Glory Partners LLC Has $3 Million Holdings in RTX Co. (NYSE:RTX)

Autumn Glory Partners LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 19.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,954 shares of the company’s stock after selling 6,255 shares during the quarter. RTX makes up about 1.5% of Autumn Glory Partners LLC’s holdings, making the stock its 15th biggest holding. Autumn Glory Partners LLC’s holdings in RTX were worth $3,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the 4th quarter worth approximately $40,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $122.68 on Friday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The firm has a fifty day simple moving average of $120.79 and a 200 day simple moving average of $120.63. The company has a market capitalization of $163.42 billion, a PE ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. 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 (NYSE:RTX) last announced its earnings results 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%. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is 70.99%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America raised their target price 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. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company raised their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $163.07.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.