ZWJ Investment Counsel Inc. Sells 208 Shares of RTX Co. (NYSE:RTX)

ZWJ Investment Counsel Inc. lowered its stake in shares of RTX Co. (NYSE:RTX) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,838 shares of the company’s stock after selling 208 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in RTX were worth $1,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Norges Bank bought a new position in RTX during the fourth quarter worth about $1,580,608,000. Moneta Group Investment Advisors LLC boosted its position in RTX by 87,932.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Boston Partners bought a new position in RTX during the third quarter worth about $355,350,000. Morgan Stanley boosted its position in RTX by 11.3% during the fourth quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after purchasing an additional 3,104,282 shares during the period. Finally, Capital World Investors boosted its position in RTX by 32.8% during the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX traded up $0.86 on Friday, reaching $101.57. 10,328,091 shares of the company’s stock traded hands, compared to its average volume of 8,269,268. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $94.55 and a 200 day simple moving average of $86.44. The stock has a market cap of $135.05 billion, a PE ratio of 45.34, a P/E/G ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. During the same period last year, the business earned $1.27 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Wall Street Analyst Weigh In

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

Insider Transactions at RTX

In other 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 transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,785 shares of company stock worth $3,448,188. Insiders own 0.13% of the company’s stock.

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.