RTX Co. (NYSE:RTX) Stake Lowered by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. trimmed its stake in shares of RTX Co. (NYSE:RTX) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,232 shares of the company’s stock after selling 332 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in RTX were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in RTX. Jacobsen Capital Management grew its position in shares of RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares in the last quarter. Diligent Investors LLC boosted its stake in RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after buying an additional 118 shares during the period. Valley National Advisers Inc. boosted its stake in RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares during the period. Kerntke Otto McGlone Wealth Management Group boosted its stake in RTX by 2.1% during the fourth quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock valued at $514,000 after buying an additional 128 shares during the period. Finally, Dempze Nancy E boosted its stake in RTX by 0.5% during the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after buying an additional 130 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RTX. Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $96.93.

Insider Activity at RTX

In other RTX news, 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 value of $3,233,232.64. Following the completion of the transaction, the insider now directly 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 related news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 137,842 shares of company stock valued at $13,603,426 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

RTX Trading Down 0.5 %

NYSE RTX traded down $0.49 during trading on Friday, hitting $101.40. The company had a trading volume of 13,324,869 shares, compared to its average volume of 7,489,805. The company has a market cap of $134.81 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. RTX Co. has a one year low of $68.56 and a one year high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average is $96.70 and its 200-day moving average is $88.60.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share. On average, sell-side analysts predict that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s payout ratio is currently 92.55%.

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.