Paladin Advisory Group LLC Lowers Holdings in RTX Co. (NYSE:RTX)

Paladin Advisory Group LLC trimmed its holdings in RTX Co. (NYSE:RTX) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,798 shares of the company’s stock after selling 986 shares during the quarter. Paladin Advisory Group LLC’s holdings in RTX were worth $151,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new position in shares of RTX in the fourth quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in shares of RTX in the third quarter worth about $28,000. Quarry LP acquired a new position in shares of RTX in the first quarter worth about $28,000. Planned Solutions Inc. acquired a new position in shares of RTX in the fourth quarter worth about $30,000. Finally, Financial Gravity Asset Management Inc. raised its position in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Robert W. Baird upped their price target on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada upped their price target on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Barclays upped their price target on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, UBS Group upped their price target on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus price target of $94.44.

RTX Trading Up 0.8 %

Shares of RTX stock traded up $0.86 during mid-day trading on Friday, hitting $101.57. The stock had a trading volume of 10,328,091 shares, compared to its average volume of 8,269,268. The firm has a 50-day moving average of $94.33 and a two-hundred day moving average of $86.23. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.32. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market cap of $135.05 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. Sell-side analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. RTX’s payout ratio is currently 105.36%.

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.