Three Bridge Wealth Advisors LLC Sells 845 Shares of RTX Co. (NYSE:RTX)

Three Bridge Wealth Advisors LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,403 shares of the company’s stock after selling 845 shares during the quarter. RTX makes up 0.8% of Three Bridge Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Three Bridge Wealth Advisors LLC’s holdings in RTX were worth $2,245,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RTX. Van ECK Associates Corp raised its holdings in RTX by 30.0% during the 4th quarter. Van ECK Associates Corp now owns 2,310,221 shares of the company’s stock valued at $267,339,000 after buying an additional 532,970 shares during the period. Allspring Global Investments Holdings LLC increased its position in RTX by 6.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company’s stock valued at $65,278,000 after acquiring an additional 32,024 shares during the last quarter. Jmac Enterprises LLC raised its stake in shares of RTX by 6.2% in the fourth quarter. Jmac Enterprises LLC now owns 5,146 shares of the company’s stock valued at $595,000 after acquiring an additional 301 shares during the period. Kentucky Trust Co bought a new stake in shares of RTX in the 4th quarter worth about $2,471,000. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of RTX by 5.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 33,620 shares of the company’s stock worth $3,890,000 after purchasing an additional 1,681 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RTX shares. Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. 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. Wells Fargo & Company boosted their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. UBS Group increased their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $163.07.

Insider Transactions at RTX

In other 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 transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Down 1.8 %

Shares of RTX stock opened at $126.82 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market cap of $168.94 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.17 and a beta of 0.82. The firm’s 50-day moving average is $120.55 and its two-hundred day moving average is $120.53. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.99%. RTX’s dividend payout ratio is presently 70.99%.

About RTX

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.