RTX Co. (NYSE:RTX) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 23,078 shares of the company’s stock after selling 1,576 shares during the quarter. Transcend Capital Advisors LLC’s holdings in RTX were worth $2,671,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI bought a new position in shares of RTX during the third quarter worth about $240,000. MFA Wealth Advisors LLC grew its position in shares of RTX by 29.8% during the third quarter. MFA Wealth Advisors LLC now owns 605 shares of the company’s stock worth $73,000 after acquiring an additional 139 shares during the last quarter. McAdam LLC grew its position in shares of RTX by 24.5% during the third quarter. McAdam LLC now owns 4,511 shares of the company’s stock worth $547,000 after acquiring an additional 889 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after acquiring an additional 1,686,007 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its position in shares of RTX by 3.1% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 7,672 shares of the company’s stock worth $930,000 after acquiring an additional 230 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX opened at $125.25 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The firm has a market cap of $166.85 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a 50-day moving average of $121.38 and a 200-day moving average of $120.83.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 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%. Analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RTX shares. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.07.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the 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 completion of the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.