WealthShield Partners LLC Sells 169 Shares of RTX Co. (NYSE:RTX)

WealthShield Partners LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,550 shares of the company’s stock after selling 169 shares during the quarter. WealthShield Partners LLC’s holdings in RTX were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares during the last quarter. First American Bank boosted its stake in shares of RTX by 1.9% during the third quarter. First American Bank now owns 45,884 shares of the company’s stock valued at $5,559,000 after purchasing an additional 867 shares in the last quarter. Hibernia Wealth Partners LLC bought a new stake in shares of RTX during the third quarter worth about $423,000. Southern Capital Advisors LLC acquired a new position in shares of RTX in the third quarter valued at approximately $310,000. Finally, Smithbridge Asset Management Inc. DE raised its holdings in RTX by 1.4% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 66,796 shares of the company’s stock valued at $8,093,000 after buying an additional 939 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 1.7 %

RTX stock opened at $125.33 on Tuesday. 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 has a market cap of $166.95 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a fifty-two week low of $88.95 and a fifty-two week high of $132.43. The firm’s 50-day simple moving average is $121.64 and its 200 day simple moving average is $121.05.

RTX (NYSE:RTX) last released its earnings results 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 return on equity of 12.45% and a net margin of 5.91%. Research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred 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 sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $142.00 to $147.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada boosted their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.40.

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.